FORUMS BROKERS SOFTWARE
Home
 
    Forums > Main > Wall St. News > Chinese PM Wen Jiabao's family amasses assets worth $2.7 billion


Reply
 
Thread Tools
Old Oct 26th, 2012, 12:15 PM   #1
4thaugust1932
 
 
Join Date: Feb 2012
Location: http://www.google.com/recaptcha/mailhide/d?k=01h3I4HodtLeoJALCey2VT-A==&c=35MrWwfsSKhmnIhhCiAD20bT0jFDZAQBELGoxIlHHX0=
Posts: 250
The mother of China's prime minister was a schoolteacher in northern China. His father was ordered to tend pigs in one of Mao's political campaigns. And during childhood, "my family was extremely poor," the prime minister, Wen Jiabao, said in a speech last year.

But now 90, the prime minister's mother, Yang Zhiyun, not only left poverty behind — she became outright rich, at least on paper, according to corporate and regulatory records. Just one investment in her name, in a large Chinese financial services company, had a value of $120 million five years ago, the records show.

http://timesofindia.indiatimes.com/w...w/16967292.cms
    Quote
Old Oct 27th, 2012, 03:25 PM   #2
pud_shaft
 
 
Join Date: Oct 2012
Posts: 11
In the past 150 years, every time a foreign power invaded China, the Chinese people helped the invaders overthrow their own greedy and corrupt government.

In 1900, when the 8-nation army invaded Beijing, the local Chinese residents brought out ladders to help the foreign soldiers climb up the walls of Forbidden City.

In 1930s and 40s, when the Japanese invaded China, the Chinese farmers helped the Japanese soldiers disarm the retreating Chinese soldiers.

I am sure the Chinese people are eagerly waiting for the Americans to invade China. Maybe the Japanese can do it again.

Can the Chinese send their leaders to jail, as the Italians did to their former prime minister?
    Quote
Old Oct 27th, 2012, 08:55 PM   #3
maxpi
 
 
Join Date: Nov 2002
Posts: 6,670
Quote:
Quote from 4thaugust1932:

The mother of China's prime minister was a schoolteacher in northern China. His father was ordered to tend pigs in one of Mao's political campaigns. And during childhood, "my family was extremely poor," the prime minister, Wen Jiabao, said in a speech last year.

But now 90, the prime minister's mother, Yang Zhiyun, not only left poverty behind — she became outright rich, at least on paper, according to corporate and regulatory records. Just one investment in her name, in a large Chinese financial services company, had a value of $120 million five years ago, the records show.

http://timesofindia.indiatimes.com/w...w/16967292.cms
communism in action!!
    Quote
Old Oct 27th, 2012, 09:46 PM   #4
Bob111
 
 
Join Date: May 2002
Posts: 7,414
Quote:
Quote from maxpi:

communism in action!!
some people are saying here that US got the world rid of the Soviet Communism...

http://www.elitetrader.com/vb/showth...6&pagenumber=4

somehow China,ruled by communist party is #2 in the world..
    Quote
Old Oct 27th, 2012, 09:48 PM   #5
Bob111
 
 
Join Date: May 2002
Posts: 7,414
Quote:
Quote from pud_shaft:


Can the Chinese send their leaders to jail, as the Italians did to their former prime minister?
get you facts straight..Berlusconi is not going to jail and never will..regardless...just like any other politician in US,Russia or any other place..get real...they are above the law..

http://www.guardian.co.uk/commentisf...ntence-matters
    Quote
Old Oct 27th, 2012, 10:16 PM   #6
badvestor
 
 
Join Date: Nov 2011
Posts: 280
Quote:
Quote from maxpi:

communism in action!!

More like political power in action. The Chinese didn't invent corruption, happens here too. One example would be no bid government contracts to your old company to inflate your options in the company.
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider