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

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