China will do very well by not learning from the corrupt West

There is a Bloomberg article in the ST yesterday about the great pay gap between the American and Chinese bankers. As an example, it said that ‘For every US$1b of profit, investment bank JP Morgan, the biggest US lender, pays its chief executive and chairman Jamie Dimon US$1.21m, Industrial and Commercial Bank of China, the world’s most profitable, gives its top executive Jian Jianqing US$