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What the World Says about Wen Jiabao's Hidden Treasure
- Selected Comments on NYT's Report
"Lobbying, a Windfall and a Leader’s Family"

27 November 2012
 

Bob Forest Left Coast

The Chinese leaders are demonstrating their ability to adopt the highly profitable techniques of the United States Congress such as "legal" insider trading and other forms of corruption.

中国领导人展示出他们善于学习的特长,美国国会“合法”的幕后交易以及其它贪污本事都被他们学会了。

Rybrend CA

Perfect example of why the United States should not fear competition form China, but should fear it's economic collapse.

这充分说明我们美国需要怕的不是中国经济会超过我们,而是中国经济会崩溃。

outsider USA

Look at the following passage from NYT article. This is a typical "insider trading" in Communist China today. Cases like this, if exposed, would be criminal in the U.S.

瞧瞧下面这段登在扭腰报上的文字。这是典型的幕后交易。这样的做法在美国绝对属于犯罪行为: 

Excerpts from NYT, 2012 NOV 25 (扭腰时报十一月25日文章摘录): 

"While Ping An was preparing for its listing in Hong Kong, a group of investors with close ties to senior officials in Beijing, including Wen Jiabao, were quietly accumulating large blocks of Ping An stock. (就在平安正准备香港上市之际,一些和温家宝等北京高层官员关系紧密的投资人团体正不声不响地积累平安大量股份。
.....
Dec. 26, 2002, a company run by Duan Weihong, a Wen family friend from the prime minister’s hometown, acquired Ping An stock through a company called Taihong. Soon after, the relatives of Mr. Wen and colleagues of his wife took control of that investment vehicle....ahead of its Hong Kong listing, Taihong acquired 77.7 million shares of Ping An from the China Ocean Shipping Company known as Cosco, and 2.2 million more shares from Cosco’s Dalian subsidiary. A two-for-one stock split doubled the number of shares Taihong owned. So in June 2004, just before Ping An’s Hong Kong offering, Taihong held 159.8 million shares, or about 3.2 percent of Ping An’s stock. " (2002年12月26日平安文档显示,温家宝一位故乡朋友段伟红段伟红经营的一家名叫泰鸿的公司收购了大量平安股份。记录显示,温家宝家人和温家宝妻子同事很快便控制了这一投资工具 ...在平安在香港上市前,泰鸿从中国远洋运输集团(Cosco)购得平安7,770万股份,从中国远洋运输集团在大连的子公司购得2,200平安股份。所一股股票分割使得泰鸿拥有的股份数量加倍。以在2004年6月,就在平安香港股票发行之前,泰鸿握有1.598亿股份,根据公开募股数据,这一数额大约是平安股份的3.2%。)

richard schumacher united states

Aren't the Chinese supposed to be smarter than we are? It sure doesn't look like it.

不是说中国人比我们聪明吗?看起来不象哦。 

Pat Patterson Orinda, California

Am I missing something here? How is it the Times reaching the conclusion of something untoward about purchasing shares of Ping EIGHT MONTHS AFTER THE WAIVER?? This seems to me a very unsupportable suggestion of corruption.

是不是我漏看了哪一段?那些股票不是在有关平安的命运决定后八个月才买的吗?把这作为贪腐的证据似乎有点立不住脚吧。

SCB Virginia USA

Yeah, you're missing quite a bit. In sum, Wen chairs a very important committee that grants Ping An a waiver that paves the way for it to become one of China's most valuable financial conglomerates. Not long afterwards, Ping An is preparing an IPO and sells hundreds of millions of dollars of its shares to a shell company controlled (by)Wen's relatives and associates at a very steep discount.

Of course it's impossible to PROVE that anything illegal happened here. But apart from corruption, can you explain why these shares were sold to Mr. Wen's associates at a discount worth hundreds of millions, perhaps billions, of dollars?

你确实看得不仔细。总而言之,言而总之,温是决定平安命运的最高权威,正因为他(动用国家资财)出手相救了,才有后来平安的新天地,才成就了这个中国最大的财团之一。就在温出手相救不久之后,平安在准备股票发行之际,将上亿股份贱卖给温的亲戚的皮包公司。

当然你很难证明他们犯了法。但除了贿赂,你能解释为什么平安要把上亿的钱白送给和温有关系的人吗?

jeroen Middelburg, NL

CCP, the Crony Capitalist Party...

中国共产党现在就是一个挂羊头卖狗肉的资产党...

Justice Holmes Charleston SC NYT Pick

China is no more a communist state than the US is a free market. The only thing "communist" about China is the way the people get crushed on the wheel of a ruling party that gets all the goodies. The rulers of China are capitalist when it come to them and their families. You see them in NY at the best restaurants, the best hotels driving or being driven in the best cars. They learned well from our robber barrons and went one better. Now our corporate leaders want the same for themselves, control of the government, the regulators and all the money in the world.

中国已经不是社会主义啦,就像美国也已经不是纯市场经济了一样。中国的统治者是一群资本家。看看这些人,在纽约他们到最好的饭店吃饭,到最贵的旅馆住宿,到哪儿都开着名车。他们把这儿美国强盗的招数都学去了,而且还青出于蓝更甚于蓝。现在轮到咱们的黑心大佬们反过来向他们学习了,要控制政府,控制法律,控制全世界的钱财。

muezzin Salt Lake City

If the Wen family's wheeling and dealing was legal and above board, as claimed by some of the apologists here, why then are Chinese censors so paranoid about letting their own people hear about it and form their own opinion?

如果温家在平安的交易真的没有任何问题,就像那些五毛声称的那样,为什么中国政府会对扭报的文章怕得这么歇斯底里,又有什么必要疯狂删帖封网,不许民众评论一句?

Robert New York City

Wen Jiabao and his family have stolen billions of dollars of assets from the chinese citizens and this could deserve the death sentence in china. Imagine, in a communist country, that the leader is arranging a mechanism to grab shares of valuable companies that are bailed out by the government, at the expense of the citizens, and then hide these stock holdings using the names of other people and companies? I believe the citizens will feel helpless when they discover this has been happening, and they will revolt and imprison or simply kill the Wen Jiabao family and other government workers who served to help these assets transfer over to Wen Jiabao and his family. People aren't stupid, and they have long memories and they will be just as ruthless to Wen Jiabao as he has been to them. Wen Jiabao should run for his life to a far-away place.

温及家人从中国民众那里偷盗了数十亿的资产,其罪行按中国的法律足以判死刑。在一个号称社会主义的国家,其领导人用公众的钱拯救一个应该被破产清理的公司,让这个公司越做越大,然后非法以他人的名义用特价购买股份,从这个公司巨大的利润里分红提成。我相信要是中国民众知道了这些事,他们一定会闹起来的,说不定温家人以及那些帮助他们敛财的人都会有性命之虞。中国的民众又不傻,而且他们的记性还特别好,你以为他们会下不了手?保命要紧,温还是趁早开溜吧,逃到谁也找不着的天涯海角去。

scidem New York City

I am a citizen of China. I just want to thank the press of NY Times for providing such in-depth investigation and report. This is what separates NY Times from other news agencies! I am an avid reader of Times and I will always be.

我是个中国公民。我感谢纽约时报发表了这么有深度的调查报告。我会是你们忠实的读者。

 
 
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