FAR EAST CORRESPONDENT — The mother of China’s prime minister was a schoolteacher in northern China. His father was ordered to tend pigs in one of Mao’s political campaigns. And during childhood, “my family was extremely poor,” the prime minister, Wen Jiabao, said in a speech last year.
But now 90, the prime minister’s mother, Yang Zhiyun, not only left poverty behind — she became outright rich, at least on paper, according to corporate and regulatory records. Just one investment in her name, in a large Chinese financial services company, had a value of $120 million five years ago, the records show.
FAR EAST CORRESPONDENT — With the world’s great powers calling on the Cook Islands, factionalism is increasingly present among island nations of the Pacific. It could be trouble. Hillary Clinton’s first diplomatic foray into the Pacific […]
FAR EAST CORRESPONDENT — China is finding that it may not need to threaten or invade this diplomatically isolated island, which it considers a rogue province. It’s doing just fine buying influence from the inside […]
Rarely have Beijing and its minions been seen in such a dreadful light. The arrival of mainland Chinese in their droves as developers, financiers, restaurateurs, boiler room operators, gamblers, construction workers and tourists is sorely […]
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