News that China has a major corruption problem may not raise eyebrows anymore. But the sheer amount of money that's been illegally taken out of the country, and the number of corrupt government officials and civil servants who have fled, and are still fleeing the country, is staggering. If Chinese experts are correct, more than 16,000 corrupt officials have left China within the past two decades.
Australia ’s defense minister has taken some unusual steps to evade Chinese espionage attempts ahead of his journey to Beijing on Tuesday.
Australia 's economic growth had exceeded expectations in the last quarter of 2011 on the back of better consumer spending and construction activities. The Australia Bureau of Statistics (ABS) on Wednesday reported that the country's gross domestic product ( GDP ) expanded 1.3% from the previous months, beating economists and analysts expectations when it rose a revised 0.6%. The country's currency, the Aussie, broke an intraday high of 0.9845 from around 0.9780 before the data was released, according to Nick White,general manager at Bell Potter Securities, based in Melbourne