You Decide

Always decide for yourself whether anything posted in my blog has any information you choose to keep.

Wednesday, August 9, 2006

 

"Most Billionaires in China are Children of CCP Officials

"Most Billionaires in China are Children of CCP Officials
Zheng Ming Magazine Aug 09, 2006

<excerpt>


"Combined efforts from official Chinese research institutes revealed in an investigation report that primary posts in the fields of finance, foreign trade, land speculation, major projects and negotiable securities are occupied by the children of high-ranking officials. Among China's billionaires, 85 to 90 percent are children of high-ranking officials.".....

........."Source of Billionaire's Wealth Is Family Power
The source of assets for these billionaires is mainly the power of their family background. They make their money through both legal and illegal means. Methods used by these billionaires include, but are not limited to, importing foreign capital to get return commission, exporting national resources and merchandise for profit, land speculation, obtaining large project contracts by force and even smuggling and tax evasion. "......

......."Editor's Note: China's Special Class of Billionaires
The investigative report results released by the CCP's official research departments perfectly illustrates Deng Xiaoping's policy of "allowing a handful of people to get rich first." It appears that the party "without selfish motives" let its own family get rich first.

Every country has billionaires. However, billionaires in democratic countries depend on their ability, wisdom and painstaking efforts to keep their enterprises going. The billionaires in China, however, depend on their parents' ascendance, so it is not surprising that 90 percent of the current billionaires in China are children of high-ranking officials!

(Reprinted from Zheng Ming Magazine) "

http://www.theepochtimes.com/news/6-8-9/44778.html


Comments:
well, its the same in india...the best business to be in is politics...each member of each successive ruling party has made their hundreds of millions of dollars...the children all come to the ivy league colleges to study, a large number of them own properties abroad and then launder their wealth by starting businesses which seem to do phenomenally well. there is no exeption to this in our country.....and if I may add, 95 % of our present day politicians come neither from affluent backgrounds nor educated........many of them are straight from villages where their living conditions/ family backgrounds / etc make you wonder.......infact this new creed of politicins and special class of billionaires is going to be our country's nemesis.
If we ever go socialist it wll be the very same thing here. Haves and have-nots will be vastly more pronounced than everyone complains about now with no way to change it. However we still have a means for anyone who so desires to work hard work smart to change their lot in life. .... And there's always the lottery!!
Post a Comment

<< Home

Archives

September 2021   August 2021   July 2021   June 2021   May 2021   April 2021   March 2021   February 2021   January 2021   December 2020   November 2020   October 2020   September 2020   August 2020   July 2020   June 2020   May 2020   April 2020   March 2020   February 2020   January 2020   December 2019   November 2019   October 2019   September 2019   August 2019   July 2019   June 2019   May 2019   April 2019   March 2019   February 2019   January 2019   December 2018   November 2018   October 2018   September 2018   August 2018   July 2018   June 2018   May 2018   April 2018   March 2018   February 2018   January 2018   December 2017   November 2017   October 2017   September 2017   August 2017   July 2017   June 2017   May 2017   April 2017   March 2017   February 2017   January 2017   December 2016   November 2016   January 2013   October 2011   September 2011   August 2011   July 2011   June 2011   May 2011   March 2011   January 2011   December 2010   October 2010   September 2010   August 2010   July 2010   June 2010   May 2010   April 2010   March 2010   February 2010   January 2010   December 2009   November 2009   October 2009   September 2009   August 2009   July 2009   June 2009   May 2009   April 2009   March 2009   February 2009   January 2009   December 2008   November 2008   October 2008   September 2008   August 2008   July 2008   June 2008   May 2008   April 2008   March 2008   February 2008   January 2008   December 2007   November 2007   October 2007   April 2007   March 2007   February 2007   January 2007   December 2006   November 2006   October 2006   September 2006   August 2006   July 2006   June 2006   May 2006   April 2006   March 2006   February 2006   January 2006   December 2005   November 2005   October 2005   September 2005   August 2005   July 2005   June 2005   March 2005   November 2004   October 2004  

Powered by Lottery PostSyndicated RSS FeedSubscribe