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Just dropped · Trial Balloon · Ep. 193

The Magnificent Seven

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Trial Balloon · Ep. 193: The Magnificent Seven

China Blocks Site After Report on Leader’s Wealth

October 26, 2012 · 7:14 am ET · Leave a Comment

Washington Post: “An explosive story about the massive wealth accumulated by the family of Prime Minister Wen Jiabao caused the Chinese government to block the Web site of the New York Times early Friday morning, just days before a sensitive once-in-a-decade transition of power from Wen and others to a new generation of leaders.”

“The article documents assets controlled by Wen’s family worth at least $2.7 billion, a shocking figure even in a country where government corruption is rampant and popular resentment against the elite has increased in recent years. The scandal also complicates the apparent intention of Chinese leaders to tackle corruption as a main issue at the Nov. 8 party congress, a move they have been signaling in the wake of other scandals that had dramatically shaken the party’s core leadership.”

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