Skip to comments.Red China censors reports of Wen Jiabao's vast family fortune
Posted on 10/26/2012 5:13:21 PM PDT by bruinbirdman
China has angrily denounced and censored a report that claimed the family of premier Wen Jiabao has amassed a $2.7 billion (£1.67 billion) fortune.
The Chinese Foreign ministry said a detailed scrutiny of the enormous wealth of Mr Wen's family by the New York Times was a "smear" with "ulterior motives".
"We hope that full access is restored shortly, and we will ask the Chinese authorities to ensure that our readers in China can continue to enjoy New York Times journalism," said a statement from the newspaper.
The revelation of Mr Wen's family wealth, and of how his relatives have traded on their political connections to become rich, is another bombshell for the Communist party.
The Party, which is preparing to unveil a new generation of leaders in mid-November, is already reeling from a series of scandals this year, including the fall of one of its most senior leaders, Bo Xilai, and the death of the son of Ling Jihua, another top official, in a Ferrari crash.
Mr Wen, 70, has often cast himself as a reformer determined to stamp out the corruption, cronyism and abuse of power that has become systemic in the Chinese government.
He has suggested three times in the past two years that the personal finances of government officials, and the employment details of their wives and children, should be
(Excerpt) Read more at telegraph.co.uk ...
Greed is a healthy part of human nature. Some day the Chinese will accept that into the principles of their system. When that happens look out, because the full force of their population will be unleashed on world markets and our majority lazy population will really have some competition.