官倒

guāndǎo
noun #80,254

Meanings

  1. 1 official profiteering
  2. 2 speculation by government insiders
  3. 3 bureaucratic graft

Examples

Bāshí niándài mò, guāndǎo xiànxiàng shífēn yánzhòng.
At the end of the 1980s, official profiteering was rampant.
Tāmen kào guāndǎo zhuàn le bù shǎo qián.
They made a fortune through official profiteering.

Tips

history
官倒 became a household word in late-1980s China, when the dual-track price system (计划 fixed plan price and 市场价 market price) let well-connected officials buy goods cheap inside the plan and resell at market rates. Public anger over 官倒 was one of the grievances driving the 1989 protests. The here is short for 倒卖 (dǎomài, 'to resell / scalp'), not 'fall'.

Stroke Order

guān
dào