The benefits are illusory and costs will bankrupt you. It is a culture of corruption and cheating and short cuts. It is not only CCP officials you have to worry about; remember Andrew Breitbart's adage: Politics is downstream from culture. You see this even with some Chinese-Americans who start businesses in the US. It can be difficult for them to overcome the ingrained, native, low-trust culture.
Chinese culture is the societal embodiment of Gresham's Law.