Showing posts with label crony capialism. Show all posts
Showing posts with label crony capialism. Show all posts
Friday, May 18, 2012
We Are Everywhere
The New York Times ran a story Friday about crony capitalism in China, in which family members of high-ranking Party officials get involved in big investments by foreign companies. Obviously these family members are trying to make their foreign partners comfortable: the son of a former prime minister, now CEO of one of China's largest investment banks, calls himself Levin Zhu. Will his grandson be named Hymie? Stay tuned.
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