Lobbying, a Windfall and a Leader’s Family
In a continuation of the investigation into the business dealings of Premier Wen Jiabao and his family, The New York Times’ David Barboza details the emergence of Ping An Insurance as a leading Chinese financial institution and the role Wen may have taken in facilitating its success:
The surviv ...
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Although the soft-authoritarian Wen Jiabao looks pretty good in comparison with a hard authoritarian like Bo Xilai or Zhou Yongkang, it would be very difficult to believe that Wen would not enable and profit from Ping An’s rise, even if mostly indirectly through his rich relatives with a major stake in that company. In an unaccountable political system like the CCP’s authoritarian bureaucratic capitalism, the idea of a totally upright high Party official is simply naïve.