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Figures like exports aren't possible to cook up and get away with - your trading partners can verify them. The corruption in China is indeed staggering. But unlike corruption in, say, Africa, it's not characterized by a complete draining of money into unproductive hands. Well-connected people don't pay off their loans but that doesn't mean they're only spending the money on themselves. In many cases, a state-owned enterprise is used as a front to siphon off government funds to more lucrative private ventures.