Corruption and Economic Growth in China

This chapter analyzes the paradox of China's rapid economic growth alongside high levels of corruption, highlighting terms like 'naked official' and 'elegant bribery.' It introduces a typology of corruption, comparing its effects to varying substances and critiques the implications of cronyism and capital misallocation, particularly through the lens of the Evergrande crisis. The discussion raises critical questions about the dual nature of corruption and its impact on economic sustainability.