Archive for February 27th, 2008
The 2,900 Club: 90% of China’s Billionaires Are Children Of Senior Cadres
Wednesday, February 27th, 2008A report on China’s “bureaucrat-capitalist class” explains that nearly 90% of the economy’s billionaires – or about 2,900 - are the children of senior cadres. Collectively, the group is said to have assets worth over CNY2 trillion.
These billionaires are predominantly in: finance, international trade, property development and equities.
Where are they? Here is the breakdown: Guangdong, […]
The Spielberg Effect: China Agrees To Resume Human Rights Talks
Wednesday, February 27th, 2008No one could be more proud than Steven Spielberg. With only one letter to the organizers of the games, he managed to accomplished more than untold numbers of leaders have over decades.
Spielberg has expressed regret over his attempt to link politics to the games, but look how things turned out: China has stepped up humanitarian […]