官倒

guāndǎo
noun #80,254

Meanings

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

Examples

HSK 5
Bāshí niándài mò, guāndǎo xiànxiàng shífēn yánzhòng.
At the end of the 1980s, official profiteering was rampant.
HSK 5
Tāmen kào guāndǎo zhuàn le bùshǎo 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 (计划价 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 倒 here is short for 倒卖 ('to resell / scalp'), not 'fall'.

Stroke Order

官 guān
倒 dǎo