Report: Chinese officials stole $120 billion

China's central bank says thousands of corrupt officials have stolen more than $120 billion and fled overseas since the mid-1990s and the US  was a top destination.

The People's Bank of China released a study this week that says between 16,000 to 18,000 government officials and executives at state-owned enterprises smuggled about 800 billion yuan out of China between the mid-'90s and 2008. (AP)