[vadym909]

<the Chinese worker makes a deposit in a bank > From what I've heard, banks make loans to friends and politically connected to invest in projects who also siphon a lot of the money away- and when the project fails, the loans are written off. Which is why the public doesn't trust their money with the banks anymore.

[fennecfoxen]

This is the sad thing about China's boom: it's paid for by the common worker, but it all ends up owned by the richest of the rich. It's a plutocrat's dream.

[caminante]

You'll "love" this [0].

  Another top official in the Railways Ministry, Zhang Shuguang, was 
  also sacked for corruption. Zhang was estimated to have misappropriated 
  to his personal overseas accounts the equivalent of $2.8 billion.

[0] https://en.wikipedia.org/wiki/High-speed_rail_in_China#Corru...

[seanmcdirmid]

Ya, lending is very biased in china, especially from the big banks. Not just to connected peoples, but to zombie SOEs.