Bribes and hidden transaction make up at least 12% of China Economy and are not included in official GDP
China’s hidden household income totaled over 6.2 trillion yuan in 2011– accounting for 12 per cent of the country’s GDP – underlining the widespread impression corruption represents a “serious challenge” to society, a state-backed foundation’s study says. Most of this undeclared personal or household income comes from undocumented sources and is held by a few …