family-of-wen-jiabao-holds-a-hidden-fortune-in-china.xml

family-of-wen-jiabao-holds-a-hidden-fortune-in-china.xml

12/1/2012

link

http://mobile.nytimes.com/2012/10/26/business/global/family-of-wen-jiabao-holds-a-hidden-fortune-in-china.xml

summary

This article from The New York Times investigates the wealth accumulated by the family of Wen Jiabao, the former Premier of China. It reveals how Mr. Wen's relatives have built a fortune worth $2.7 billion through a complex web of business dealings and investments in industries such as banking, insurance, and telecommunications. The article highlights the conflicts of interest and potential corruption involved in these dealings, shedding light on the hidden fortunes of China's political elite. It raises questions about the transparency and accountability of the Chinese government and the challenges it faces in tackling corruption.

tags

hidden wealth ꞏ chinese business ꞏ chinese leadership ꞏ chinese communist party ꞏ wealth disparity ꞏ corruption ꞏ financial ethics ꞏ international finance ꞏ financial transparency ꞏ business elite ꞏ chinese wealth ꞏ financial impropriety ꞏ financial misconduct ꞏ power dynamics ꞏ political influence ꞏ chinese economy ꞏ financial irregularities ꞏ family wealth ꞏ financial investigations ꞏ political dynasty ꞏ wealth inequality ꞏ financial secrecy ꞏ political misconduct ꞏ global business ꞏ political power ꞏ money laundering ꞏ political corruption ꞏ political elites ꞏ offshore accounts ꞏ nepotism ꞏ financial regulations ꞏ economic reforms ꞏ chinese government ꞏ wen jiabao ꞏ government transparency ꞏ chinese society ꞏ crony capitalism ꞏ chinese billionaires ꞏ chinese politics ꞏ political accountability ꞏ economic inequality ꞏ government corruption ꞏ political scandals ꞏ wealth accumulation