When you stretch the argument and talk about extremes of course you can make yourself seem right. However the point is, this type of stuff constantly happen in China. If you want to talk about if the punishment fits. Right now in China it is three years for a traffic violation, however if it is endangerment to public safety then the punishment is much harsher. Now lets see which one this incident fits into.
What is a traffic violation? According to wikipedia it is, "A violation of the rules of the road" From what we all should know the following should fit it, speeding, improper passing, going through red light etc. Maybe we can also include drunk driving.
What is endangerment of public safety? Deliberate violation of governing traffic laws that can most likely put civilians in harms way. This kid illegally modified his car, then deliberately (he is not drunk) drove his souped up race car down a street in an urban area many miles/km over the limit.
"Any person who has reached the age of 14 but not the age of 16 and who commits homicide, inflicting serious bodily injury, robbery, arson, habitual theft or any other crime seriously undermining social order shall bear criminal responsibility."-Chinese Criminal Law
What is more important is that his violation killed a person making this accident a homicide. Which brings me to this part of the criminal law. "[Article 133] Whoever negligently kills another shall be sentenced to fixed-term imprisonment of not more than five years; if the circumstances are especially flagrant, the offender shall be sentenced to fixed-term imprisonment of not less than five years. Where this Law has other provisions, such provisions shall prevail. "-Chinese Criminal law
Hu Bin was pretty much FLAGRANT or very much indifferent of the law. He illegally modified his car, he went over the speed limit, and then he didn't call the ambulance which is required by the law. An average lawyer would have nailed Hu Bin and locked him up for the no less than 5 years. I mean I am just an accountant and I can already use the law to poo on Hu Bin.
I don't know if you are reading this wrong or just getting the wrong idea. The bottom line of the people's anger is not just that this guy got away due to money, it is the fact that he has to spend only 3 years for killing someone. Let me tell you this, that 1 million yuan or 165kUSD plus the 3 years of a roof over his head and 3 meals is a very small price to pay for killing someone.