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...
Saved in:
Published in | China perspectives no. 1 (69); pp. 106 - 108 |
---|---|
Main Author | |
Format | Journal Article |
Language | English |
Published |
Hong Kong
cefc French Centre for Research on Contemporary China
01.01.2007
CEFC |
Subjects | |
Online Access | Get full text |
Cover
Loading…
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 |