Media News - Friday, October 26, 2012
New York Times blocked in China over Wen Jiabao wealth revelations
Chinese authorities have blocked the Chinese website of the New York
Times and most access to the main website after it revealed that the
extended family of premier Wen Jiabao has controlled assets worth at
least $2.7bn. Several of Wen's close relatives have become extremely wealthy since his
ascent to the top leadership, the news organisation said. But in many
cases their holdings were obscured by layers of partnerships and
investment vehicles involving friends, colleagues or business partners.
A single investment held on paper by Wen's 90-year-old mother Yang
Zhiyun - a retired schoolteacher - was worth $120m five years ago, the
Times said. It added it was unclear if Yang was aware of the holdings in
her name. The report is embarrassing not only for Wen himself - who comes from a
modest background and is widely seen as the sympathetic, populist face
of the government - but for the party. It is the latest in a string of
unwelcome revelations about the vast wealth amassed by those around
senior leaders. (The Guardian)
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