Origins and powers of the new rich

According to the Singtao Daily, which speaks of a class that is bureaucratic and capitalist at the same time, wealth depends on the power wielded by the family, whether it is legal, illegal or "apparently legal" (??^?, ?^^?,??^^?^^?^). In present-day China, some posts are particularly priz...

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Bibliographic Details
Published inChina perspectives no. 1 (69); pp. 106 - 108
Main Author Bondois, Camille
Format Journal Article
LanguageEnglish
Published Hong Kong cefc French Centre for Research on Contemporary China 01.01.2007
CEFC
Subjects
Alliances
Associations
Business structures
Businesspeople
Capital assets
Children
China Analysis / Les Nouvelles de Chine
Civil service
Communist parties
Decision making
Families & family life
Foreign investment
Interest groups
International trade
Political parties
Political power
Politics
Private enterprise
Private sector
Public officials
Real estate economics
Research centers
Social responsibility
Society
Special interest groups
Wealth
China
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Summary:According to the Singtao Daily, which speaks of a class that is bureaucratic and capitalist at the same time, wealth depends on the power wielded by the family, whether it is legal, illegal or "apparently legal" (??^?, ?^^?,??^^?^^?^). In present-day China, some posts are particularly prized and are good ways of acquiring wealth: exercising control over imports and exports or over foreign investment, managing bank lending, assigning public works contracts, or controlling fi- nancial speculation.
ISSN:2070-3449
1996-4617