10 Best Places To Stash Your Bribe Money, China Edition

Look inside
Look inside
Laura Lin

BEIJING — It’s not something most of us have to worry about these days, but for some, having too much money can pose serious problems. Take, for example, your average corrupt Chinese official.

Former deputy director of Hohhot Railway Bureau in Inner Mongolia, Ma Junfei, was arrested, tried, sentenced to death and then reprieved for taking bribes totaling 130 million RMB ($21.5 million) in cash, and 40 kilograms of gold.

His biggest headache over the two-year trial? How to hide this much loot; it reportedly filled up two of his houses.

The Epoch Times recently reported that within a mere 22 months of starting his mandate, Ma received, on average, 6 million RMB ($990,900) per month — almost $30,000 a day. He was too busy receiving all these bribes to even spend it, so his colossal pile remained pretty much untouched, a fact that helped him avoid the death penalty.

China’s booming economy over the past three decades has given unscrupulous officials seemingly unlimited opportunities at graft, though new Chinese leader Xi Jinping has made a crackdown on corruption one of his key objectives in office.

Ma went to extreme, often creative, lengths to hide his embezzled funds, reports Beijing News, which also noted some of the other recent favorite places for other corrupt officials to stash their loot.

We've decided to rank them according to (a) creativity and, (b) the likelihood of it being found.

1. Under Piles Of Trash

Creative points: 1/10

Likelihood of being found: 10/10

Sure, money may stink, but this is embezzlement at its sloppiest. Think a bit harder, folks.

2. Behind A Big Mirror

Creative points: 1/10

Likelihood of being found: 9/10

Cops watch the same cop movies as the rest of us.

3. In A Rice Container

Creative points: 3/10

Likelihood of being found: 8/10

Chinese cops watch the same Chinese cop movies as the rest of us.

4. In The Holes Of A Tree

Creative points: 4/10

Likelihood of being found: 8/10

You play with Mother Nature, she may fly away with your bounty.

5. Under Roof Tiles

Creative points: 4/10

Likelihood of being found: 6/10

This all depends on the handiwork of your tile guy.

6. In The Ceiling

Creative points: 5/10

Likelihood of being found: 5/10

Ma clearly copied the idea from an NBA coach who hid $2,600 under ceiling tiles at the Staples Center in Los Angeles.

7. In Your Fish Pond

Creative points: 7/10

Likelihood of being found: 3/10

Dirty money often sleeps with the fishes.

8. In The Lining Of Your Pants

Creative points: 8/10

Likelihood of being found: 3/10

If I don’t jingle with coins I’ll be safe, you say? Wrong. Hu Fangyu, an official of Guizhou Province’s Changshun County, was discovered when his pants and their double lining were stolen by a thief, and later found by local police. He got sentenced to 11 years of wearing a prison jumpsuit.

9. In Your Sewage Tank

Creative points: 9/10

Likelihood of being found: 1/10

Because, gross.

10. In The Mouths Of The Fish In Your Fish Pond

Creative points: 10/10

Likelihood of being found: 1/10

Bonus points if your pond is stocked with piranha. (Coming Soon to theaters near you!)

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How China Flipped From Tech Copycat To Tech Leader

Long perceived as a country chasing Western tech, China's business and technological innovations are now influencing the rest of the world. Still lagging on some fronts, the future is now up for grabs.

At the World Semiconductor Conference in Nanjing, China, on June 9

Emmanuel Grasland

BEIJING — China's tech tycoons have fallen out of favor: Jack Ma (Alibaba), Colin Huang (Pinduoduo), Richard Liu (Tencent) and Zhang Yiming (ByteDance) have all been pressured by Beijing to leave their jobs or step back from a public role. Their time may be coming to an end, but the legacy remains exceptional. Under their reign, China has become a veritable window to the global future of technology.

TikTok is the perfect example. Launched in 2016, the video messaging app has been downloaded over two billion times worldwide. It has passed the 100-million active user mark in the United States. Thanks to TikTok's success, ByteDance, its parent company, has reached an exceptional level of influence on the internet.

For a long time, the West viewed China's digital ecosystem as a cheap imitation of Silicon Valley. The European and American media described the giants of the Asian superpower as the "Chinese Google" or "Chinese Amazon." But the tables have turned.

No Western equivalent to WeChat

The Asian superpower has forged cutting-edge business models that do not exist elsewhere. It is impossible to find a Western equivalent to the WeChat super-app (1.2 billion users), which is used for shopping as much as for making a medical appointment or obtaining credit.

The flow of innovation is now changing direction.

The roles have actually reversed: In a recent article, Les Echos describes the California-based social network IRL, as a "WeChat of the Western world."

Grégory Boutté, digital and customer relations director at the multinational luxury group Kering, explains, "The Chinese digital ecosystem is incredibly different, and its speed of evolution is impressive. Above all, the flow of innovation is now changing direction."

This is illustrated by the recent creation of "live shopping" events in France, which are hosted by celebrities and taken from a concept already popular in China.

10,000 new startups per day

There is an explosion of this phenomenon in the digital sphere. Rachel Daydou, Partner & China General Manager of the consulting firm Fabernovel in Shanghai, says, "With Libra, Facebook is trying to create a financial entity based on social media, just as WeChat did with WeChat Pay. Facebook Shop looks suspiciously like WeChat's mini-programs. Amazon Live is inspired by Taobao Live and YouTube Shopping by Douyin, the Chinese equivalent of TikTok."

In China, it is possible to go to fully robotized restaurants or to give a panhandler some change via mobile payment. Your wallet is destined to be obsolete because your phone can read restaurant menus and pay for your meal via a QR Code.

The country uses shared mobile chargers the way Europeans use bicycles, and is already testing electric car battery swap stations to avoid 30 minutes of recharging time.

Michael David, chief omnichannel director at LVMH, says, "The Chinese ecosystem is permanently bubbling with innovation. About 10,000 start-ups are created every day in the country."

China is also the most advanced country in the electric car market. With 370 models at the end of 2020, it had an offering that was almost twice as large as Europe's, according to the International Energy Agency.

Photo of a phone's screen displaying the logo of \u200bChina's super-app WeChat

China's super-app WeChat

Omar Marques/SOPA Images/ZUMA

The whole market runs on tech

Luca de Meo, CEO of French automaker Renault, said in June that China is "ahead of Europe in many areas, whether it's electric cars, connectivity or autonomous driving. You have to be there to know what's going on."

As a market, China is also a source of technological inspiration for Western companies, a world leader in e-commerce, solar, mobile payments, digital currency and facial recognition. It has the largest 5G network, with more than one million antennas up and running, compared to 400,000 in Europe.

Self-driving cars offer an interesting point of divergence between China and the West.

Just take the number of connected devices (1.1 billion), the time spent on mobile (six hours per day) and, above all, the magnitude of data collected to deploy and improve artificial intelligence algorithms faster than in Europe or the United States.

The groundbreaking field of self-driving cars offers an interesting point of divergence between China and the West. Artificial intelligence guru Kai-Fu Lee explains that China believes that we should teach the highway to speak to the car, imagining new services and rethinking cities to avoid cars crossing pedestrians, while the West does not intend to go that far.

Still lagging in some key sectors

There are areas where China is still struggling, such as semiconductors. Despite a production increase of nearly 50% per year, the country produces less than 40% of the chips it consumes, according to official data. This dependence threatens its ambitions in artificial intelligence, telecoms and autonomous vehicles. Chinese manufacturers work with an engraving fineness of 28 nm or more, far from those of Intel, Samsung or TSMC. They are unable to produce processors for high-performance PCs.

China's aerospace industry is also lagging behind the West. There are also no Chinese players among the top 20 life science companies on the stock market and there are doubts surrounding the efficacy of Sinovac and Sinopharm's COVID-19 vaccines. As of 2019, the country files more patents per year than the U.S., but far fewer are converted into marketable products.

Beijing knows its weaknesses and is working to eliminate them. Adopted in March, the nation's 14th five-year plan calls for a 7% annual increase in R&D spending between now and 2025, compared with 12% under the previous plan. Big data aside, that is basic math anyone can understand.
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