A new video from Ming En Media (translated by Ministry of Tofu) visualizes the ins and outs of Chinese government spending, and brings up curious facts like how the number of elementary schools in rural China dropped almost by half in the past decade, despite education spending increasing by 721 percent since the year 2000. Wall Streeters, take note: better watch out, because you've got some serious competition for the title of World's Most Egregiously Fraudulent Assholes.
Watch: How taxpayers' money disappears in China
Photos: New $200 million USD African Union HQ funded by China
A new headquarters for the African Union has just opened in Addis Ababa, the capital of Ethiopia. The $200 million USD project, funded wholly by the Chinese government (office furnishings included), was constructed on the former grounds of Ethiopia's oldest maximum security prison.
Ordos: That's where we're off to next!
Is there anywhere in the world's most populous nation where there is absolutely no one? As it turns out, yes, there is! In the southwestern part of the Inner Mongolia region lies the spanking new and ultra-modern Ordos City (鄂尔多斯), which government officials have raised from the desert in just five years with tonnes of public money. The only problem is, nobody's moved in from the old Ordos City, located just 30 kilometres away.
Shanghai government to release expense budget figures
In a surprising bid for transparency, the Shanghai government is planning to make its expense budget public for the first time ever. According to the Shanghai Municipal Finance Bureau, all collection, distribution and application of special funds, administrative and institutional unit revenues, as well as the welfare and sports lottery revenues, will be open for viewing by the public. While it's still quite rare, Shanghai's not the first county to lift a veil on their money spending. Guangdong Province recently released their expense budgets for free download by the public. The response was so great, it crashed the government's website.

