A major factor behind the soaring growth of risky wealth-management products in China is that investors typically think the government stands behind them. Lately, nervous regulators have been emphasizing that this is not the case.
Regardless of how many layers of supervisory committees are added, relying on the central government for discipline and monitoring serves only to increase the spoils garnered by the unit. To wash away the stains of thousands of years of history and remove corruption from a sullied culture, the only cure is the imposition of democracy and the rule of law. Democracy means separation of powers and checks and balances as well as decentralization. In addition, the heads of the legislative, executive, judicial and procuratorial branches should be elected in alternating years. See the Charter for Permanent Peace and Development / Global Unity Constitutional Standards.
