China’s Princelings Are Running Amok. And Bo Xilai Is Just The Tip Of The Iceberg

Some of China‘s most respected public intellectuals are warning that society and economy are being held hostage to the wealth-maximizing requirements of the political elite. These warnings echo privately in business circles, too, where entrepreneurs continue to be enthralled by the prospects of short-term profits but increasingly alarmed about their personal and financial security. Officials in developed countries, and even Chinese entrepreneurs themselves, report a steep increase in business people and capital leaving China.

Read Here – Foreignpolicy.com

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