The Imperial Hunter

Chapter 65 - Light and Shadow (7)



It happened last year. When a guy named Zhang Qi, who concurrently served as both Hainan provincial standing committee member and Haikou municipal standing committee secretary, was arrested by the CCP Central Commission for Discipline Inspection on corruption and illicit wealth accumulation charges, 8 trillion won worth of gold bars and 450 billion won equivalent of foreign and yuan currency were discovered in the basement of his residence.

Additionally, last year Beijing Mayor Chen Gang, who was found hoarding 20 tons of gold and over 2,000 artworks, along with 270 billion yuan equivalent in domestic and foreign bonds, and other big shots like Central Military Commission Vice Chairman Guo Boxiong and Xu Caihou, who also stashed tons of gold bars and cash in their home basements before getting nabbed by the Disciplinary Commission.

And the amounts announced externally like this were generally drastically reduced, out of consideration for the party and state’s dignity. Only a moron would take CCP announcements or Chinese media reports at face value, no?

‘With just seven provincial standing committee level victims, the total theft must minimally surpass 1 trillion yuan.’

An estimate based on the assumption each cadre’s secret safe was perfectly emptied, but considering this was the work of awakeners, incomplete burglary would be the unrealistic case.

Add similar incidents occurring in other regions. Then the funds held by the Black Children Party could amount to around 2% of China’s GDP.

If these funds were recklessly drained or smuggled overseas, it would be a literal disaster for the Chinese economy. More than anything else, the sharp increase in yuan circulation would be problematic. If hedge funds worldwide simultaneously took short positions on the yuan upon catching a whiff of money, China would find it extremely difficult to avoid massive losses in the short term.

In China’s current economy, which could by no means be called absolutely favorable, that loss could become the first falling domino piece triggering tremendous turmoil.

I became curious how the Chinese guys would deal with this.

“What’s the CCP’s reaction?”

“No public stance has been announced yet, but domestically they are propagating that ‘This is Western powers who despise China infiltrating supernaturalists to collaborate with anti-state forces and commit crimes, exaggerating the scale of the stolen funds to smear the CCP.’”

“Anything else?”

“Censorship as a given, and announcements that those who assist in the apprehension of the culprits will receive rewards from 100,000 yuan for minor contributions up to 10 million yuan for major ones, and special recruitment as national security cadres if desired.”

Insufficient.

“Also, instructions were issued telling the Triads to capture Black Children Party members. Provided they can prove the prey is a Black Children Party member, it’s a basic 10 million yuan for a severed head, 20 million for them alive. Additional millions will be tacked on for catching leaders.”

“And?”

“That concludes the superficial measures.”

“Huh.”

10 million yuan was approximately 1.7 billion won, and 100 million yuan was around 17 billion won. Objectively quite a sum as bounties, but…

“Impressive folks. Pinching pennies even now.”

If I were a bounty hunter, I would first harbor designs on pilfering their stolen funds instead of catching Black Children Party members.

Huang Gang, professor and former dean of Tsinghua University’s National Conditions Research Institute, published research concluding that 10 trillion yuan annually, give or take, evaporated due to bureaucratic corruption during Jiang Zemin’s time as president. Meaning 13-16% of GDP went into the back pockets of party bosses and officials.

Though likely a lame-duck study permitted by the current regime to disparage its predecessors, I believe the current regime was much more corrupt than back then.

Who didn’t look more capable of embezzlement, Jiang Zemin or Xi Jinping?

‘In Italy, a single mafia organization skims 3% of GDP, the

CCP



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