Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

xchrom

(108,903 posts)
25. LONG SILENT, CHINA'S ENTREPRENEURS PUSH FOR CHANGE
Mon Nov 11, 2013, 10:25 AM
Nov 2013
http://hosted.ap.org/dynamic/stories/A/AS_CHINA_ACTIVIST_ENTREPRENEURS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-11-11-05-46-23

BEIJING (AP) -- As Chinese career trajectories go, wealthy businesswoman Wang Ying's has taken an unusual turn. She quit her job as head of a private equity fund to become a full-time political critic.

Wang, who was a low-profile member of China's business elite for years, is now a leading voice among entrepreneurs troubled by the growing ranks of business owners who have suffered under the government's authoritarian excesses and by signs Beijing wants to further tighten its controls on society.

As China's ruling party holds a major economic planning meeting this week, it faces rising demands for change from entrepreneurs who feel a simmering anger at a system that extends privileges such as cheap credit and monopolies to politically-favored state companies. Entrepreneurs complain they are denied a say in how society is run even as their businesses create jobs, wealth and tax revenue. Worse, some have endured arrest, torture and confiscation of their businesses at the whim of local officials.

"You can make money because I allow you to," said Wang, summing up the attitude to private businesses among the politically powerful. "They say: You think the money is yours, but actually I'm just leaving it with you. I can take it back at any time, in any way."

Recommendations

0 members have recommended this reply (displayed in chronological order):

Insurers sue over Detroit bond plan Demeter Nov 2013 #1
SOCGEN: This Is It For The Stock Market xchrom Nov 2013 #2
Is The World About To Get Hit By Another Huge Wave Of Central Bank Liquidity? xchrom Nov 2013 #3
Online Shoppers Went Crazy During China's Anti-Valentine's Day Protest Holiday xchrom Nov 2013 #4
Truth hurts Demeter Nov 2013 #5
picture not showing Tansy_Gold Nov 2013 #7
I'm seeing it in Firefox Demeter Nov 2013 #9
I get the dreaded red 'x' DemReadingDU Nov 2013 #8
Did you click on the x? Demeter Nov 2013 #10
yes DemReadingDU Nov 2013 #21
Which browser are you in? Demeter Nov 2013 #22
Usually Firefox DemReadingDU Nov 2013 #26
Outlook Tansy_Gold Nov 2013 #27
Truth hurts. Ghost Dog Nov 2013 #32
The Philippines' Stock Market And Currency Are Tanking xchrom Nov 2013 #6
That typhoon was huge, so much damage DemReadingDU Nov 2013 #28
8 Little White Lies Venture Capitalists Tell To Startup Founders xchrom Nov 2013 #11
Wage theft outstrips bank, gas station and convenience store robberies by Laura Clawson Demeter Nov 2013 #12
EU and US to resume trade deal talks xchrom Nov 2013 #13
{then break them up}Fed Really, Really Wants to End Too Big to Fail xchrom Nov 2013 #14
Since the TBTF ARE the Federal Reserve, Which Banksters Are They Going After? Demeter Nov 2013 #18
indeed. nt xchrom Nov 2013 #20
The Original "Occupy": Novel Was Written 100 Years Before Zuccotti Park Demeter Nov 2013 #15
... xchrom Nov 2013 #16
Race to Bottom Resumes as Central Bankers Ease Anew: Currencies xchrom Nov 2013 #17
We will be back to barter in 5 years, at this rate Demeter Nov 2013 #19
Euro Zone’s Fizzling Growth Seen to Back Draghi Cut Case xchrom Nov 2013 #23
AUTOMATIC SPENDING CUTS WOULD BITE MORE IN 2014 xchrom Nov 2013 #24
LONG SILENT, CHINA'S ENTREPRENEURS PUSH FOR CHANGE xchrom Nov 2013 #25
And how does this differ from our economy? Demeter Nov 2013 #30
GREEK GOVT WINS VOTE, GETS MAJORITY CUT BY 1 SEAT xchrom Nov 2013 #29
tick, tick, tick, Demeter Nov 2013 #31
The Autocrat at Work Demeter Nov 2013 #33
Latest Discussions»Issue Forums»Economy»STOCK MARKET WATCH -- Mon...»Reply #25