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Great fortune made through privatization of public assets [Copy link] 中文

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Post time 2011-7-22 09:29:33 |Display all floors
Let us examine the case of tou Mine.
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Post time 2011-7-22 09:32:54 |Display all floors
In 2005, Xie Wendong, Xie Donggen, ..., one group of Mafia, got J-i-a-n-gtou Mine at RMB 75 million through bribing government leaders when China's government privatized public assets one after another from the late 1990s. That Mafia has got a net income of RMB 30 million from J-i-a-n-gtou Mine annually since 2005.

The Mafia leading by Xie Wendong has killed people, attended gang fighting, robbed, guns manufacture and trade, etc for a long time. In 2008-12-23, local law court sentenced to confiscate the assets of that Mafia including J-i-a-n-gtou Mine.

In 2011-07-19, the local law court sold J-i-a-n-gtou Mine at RMB 335 million through a public auction.

[ Last edited by 468259058 at 2011-7-22 10:12 AM ]
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Post time 2011-7-22 09:42:49 |Display all floors
How many Chinese made great fortune in the privatization of public assets which began from the late 1990s?

Would one hurry to throw away Chinese citizenship if one became a billionaire through bribing government leaders in the privatization?

How much public assets (coals mines and other mines, public apartments, government-own companies (SOE), etc did China's government sell from the late 1990s?

How much money were those privatized public assets?

[ Last edited by 468259058 at 2011-7-22 09:49 AM ]
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Post time 2011-7-22 09:49:03 |Display all floors
We'll never know the full extent of the asset stripping and who, in government subsequently became uber-rich from it.

Probably best not to talk about it!

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Post time 2011-7-22 09:54:24 |Display all floors
Almost all of country-town (county)-level government-own companies were sold out from the late 1990s.

A large amount of Central government-own and local government-own companies were sold out from he late 1900s.

A large amount of coal mines and other mines were sold out from the late 1990s.

Almost all of public apartments were sold out from the late 1990s.

Almost all of government-own kindergarten were sold out from the late 1990s.

****

***
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Post time 2011-7-22 10:02:17 |Display all floors
Before the movement of privatization of public assets, I guess most of high-ranking government officials and high-ranking CPC members weren't worry about the disclosure of assets and income.

But today, do a huge amount of high-ranking government officials and high-ranking CPC members dare to disclose their assets and income?

Of course, family members of them hurried to throw away China's citizenship in the past few years.

right?
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Post time 2011-7-22 10:08:44 |Display all floors
In 2011, the government of Mongolia also privatized one of the largest coal mines.
The government distributed the income of privatization equally to every citizen of Mongolia.


Where were the income of the privatization of public assets in mainland China?
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