91% think new rich use gov't connections

0 CommentsPrint E-mail China Daily, February 9, 2010
Adjust font size:

More than 90 percent of people think the neo-rich in China have benefited from networking with government officials and 42 percent have a "bad impression" of the group, a recent survey has found.

Poll on neo-rich.

Poll on neo-rich.

In the poll, conducted by the People's Daily, "newly rich families" mainly refer to private entrepreneurs, especially owners of newly emerging family firms on the rich list provided by Forbes or Hurun which have attracted great public attention with their surprising speed of accumulating fortunes.

According to the survey, 91 percent of the respondents think all rich families have deep political backgrounds. And 74 percent believe the key to success for these people is "being good at networking with officials" while only 16 percent think "wisdom and hard work of family members" are the reason for their success.

The poll suggested that 69 percent of people think "badly" or "really badly" of the newly rich families in China, while only 3 percent said their impressions of the group are "OK" or "very good".

"The public gives positive evaluation to the ability of the group in making fortunes, and has no bad impression of their firms or assets. What causes resentment are the paths they take to gain wealth and some bad behavior after getting rich," the People's Forum magazine said in a report.

Survey results show most people think the biggest reason causing the public's bad impression of the newly rich families is that they are involved in power-money deals (79 percent), followed by 48 percent who think this group has failed to shoulder its social responsibility, and 40 percent who think the group is rich but immoral.

Meanwhile, 86 percent are concerned about the close relationship between entrepreneurs and officials in China, doubting whether this rich group could have accumulated its wealth if there were no links with officials.

"The tragedy of Huang Guangyu, who was once China's richest person, is caused by collusion with officials," a netizen named Wangxiao001 said on People's Daily website. "It is proving that if there is no strict division between government rights and commercial activities, more tycoons could fall."

Huang, once China's richest man and founder of China's biggest home appliance retail chain Gome, was detained in late 2008 and faces charges of bribery and insider trading. Chinese media said Huang's case has implicated nearly a thousand government officials, from ministry level to grassroots.

Money Week, a weekly magazine under Nanfang Daily, released a list of the top 3,000 wealthiest families in China last year. The list shows the total assets of these 3,000 families reached 1.69 trillion yuan ($249 billion), and the top 10,000 rich families have average property worth 200 million yuan in China.

However, Cai Jiming, director of the Center for Political Economy at Tsinghua University, reminded people to look at the whole picture.

"It is natural to understand the public's anger but we should also be aware that the wealth and deals of bosses in State-owned enterprises are more lacking in transparency," he said.

Cai said an investigation by the Boston Consulting Group in 2007 suggested that 70 percent of China's fortunes were held by 0.4 percent of the population, and this class included not only rich families on various fortune lists, but also many unknown rich people, like bosses of State-owned enterprises, who are getting rich by using the country's monopoly in some industries or abusing public rights.

"So I think problems in this field are more dangerous, and need tighter supervision. While for the private entrepreneurs, I believe they need more guidance, but generally speaking, the booming of the private economy is doing much more good than harm to the nation," Cai said.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 毛片免费观看视频| 草莓视频黄色在线观看| 大胸妈妈的朋友| 丰满岳乱妇在线观看中字无码| 欧美AAAAAA级午夜福利视频| 亚洲综合综合在线| 精品久久久无码中文字幕边打电话 | 国产精品无码不卡一区二区三区| fulidown国产精品合集| 成人免费777777| 丰满饥渴老女人hd| 日本高清成本人视频一区| 亚洲AV永久无码精品漫画| 欧美成a人片在线观看久| 亚洲精品无码久久| 男人扒开女人下身添免费| 初尝人妻少妇中文字幕| 美女大量吞精在线观看456 | 国产一级片在线播放| 麻豆久久久9性大片| 国产欧美国产精品第一区| **aa级毛片午夜在线播放| 国产高清自产拍av在线| JIZZYOU中国少妇| 好男人看片在线视频观看免费观看| 中文字幕影片免费在线观看| 日本三级带日本三级带黄国产| 久久精品免费观看国产| 最近2019中文字幕无吗| 亚洲一级片在线播放| 欧美性猛交xxxx黑人| 亚洲成色www久久网站| 欧美高清视频www夜色资源网| 人人爽人人爽人人片av| 玉蒲团2之玉女心经| 伊人a.v在线| 理论片高清免费理论片| 伊人免费在线观看| 特黄aaaaaaaaa及毛片| 人人人妻人人澡人人爽欧美一区| 男人把女人桶爽30分钟动态|