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SOEs shines on well-publicized rich lists

Updated: 2012-08-20 10:26
( China Daily)

SOEs shines on well-publicized rich lists

It's not always so glorious to get rich inside China, according to The Wall Street Journal. Chinese entrepreneurs on well-publicized rich lists are more likely to be investigated by the government, new research showed. State-owned and affiliated companies account for about half of the country's non-agricultural gross domestic product, and wealthy entrepreneurs are usually connected with politics. A third of the top 50 and five of the top 10 wealthy in China hold official political positions, according to the Shanghai-based Hurun Report. In China, where nearly half of the population is rural, under 1 percent of the households control more than 70 percent of the nation's private financial wealth, the Boston Consulting Group estimated in 2008. Surveys among the general public regularly tend to put corruption and income inequality at the top of Chinese concerns.

LIUER6: It is still very glorious to get rich in a rightful way, but it is not easy.

WANGYIFAN: The Hurun Rich List does put many wealthy entrepreneurs under investigation and finally they are found to be guilty.

DINGDINGPAPA: It is far from enough to get rich simply depending on working hard.

DHARMALAOXU: Private enterprises are not glorious and State-owned companies are worse than them.

XUJIBIN: Most rich people get their wealth by plundering and then these people emigrate, leaving poor people like home mortgage slaves at home.

JMING_ZHAN: American dreams do exist, but not Chinese dreams.

STOCKANALYSTXIAODU: The property industry and financial industries are the two major sources of corruption as well as the areas where Chinese people have the most discontent.

MORRIEYU: The argument is too arbitrary. In some parts of China it is true, but not the whole of China.

 
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