余华, 中国的 ‘贪官经济学’

choi

纽约时报中文网, May 12, 2014 (yes, May 12)
cn.nytimes.com/opinion/20140512/c12yu/

, which is translated from

Yu Hua, Follow the Money, China Style; Hidden hoards of cash may explain an economic mystery. New York Times, May 13, 2014 (op-ed).

My comment: I do not know about Chinese (who may have heard of this before), but the anecdotes seems sensible in solving that particular mystery. Still I can not understand how this can be done.

Renminbi
en.wikipedia.org/wiki/Renminbi
(section 3.2.2 Banknotes: The fifth series of renminbi banknotes and coins was progressively introduced starting 1999. As of 2013, it includes banknotes for ¥1, ¥5, ¥10, ¥20, ¥50 and ¥100)

Without face values of 500 or 1,000. The hoard must be humongous in physical size.