<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content="text/html; charset=unicode" http-equiv=Content-Type> <META name=GENERATOR content="MSHTML 8.00.6001.19019"></HEAD> <BODY> <DIV class=headline>When fund-raising is a crime</DIV> <H1 class=rubric>A death sentence for a young businesswoman chills entrepreneurs </H1> <P class=ec-article-info>Apr 14th 2011 | <EM>SHANGHAI </EM>| from the print edition </P> <DIV class=share_inline_header> <UL class=clearfix> <LI class="share-inline-header-twitter first"><IFRAME style="WIDTH: 110px; HEIGHT: 20px" class="twitter-share-button twitter-count-horizontal" title="Twitter For Websites: Tweet Button" tabIndex=0 src="http://platform0.twitter.com/widgets/tweet_button.html?_=1303000308420&amp;count=horizontal&amp;lang=en&amp;text=Chinese%20business%3A%20When%20fund-raising%20is%20a%20crime%20%7C%20The%20Economist&amp;url=http%3A%2F%2Fwww.economist.com%2Fnode%2F18560729&amp;via=theeconomist" frameBorder=0 allowTransparency scrolling=no></IFRAME> <LI class="share-inline-header-facebook even last"><IFRAME style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 90px; HEIGHT: 21px; OVERFLOW: hidden; BORDER-TOP: medium none; BORDER-RIGHT: medium none" src="http://www.facebook.com/plugins/like.php?href=http://www.economist.com/node/18560729&amp;layout=button_count&amp;show_faces=true&amp;width=450&amp;action=like&amp;font=verdana&amp;colorscheme=light&amp;height=21" frameBorder=0 allowTransparency scrolling=no></IFRAME></LI></UL></DIV> <DIV class="ec-article-content clear"> <DIV style="WIDTH: 290px" class="content-image-float clearfix"><IMG alt="" src="cts20110416_wbp013.jpg"><SPAN class=credit></SPAN></DIV> <P>IN THE odd way these things work in China, word has trickled out that on April 7th an appeal court in Zhejiang, a famously entrepreneurial coastal province, conducted a five-hour hearing on a death sentence handed down to Wu Ying, a prominent 29-year-old businesswoman, on fraud charges. Before her arrest Ms Wu had seemed to personify the miraculous business success that could be achieved by people from even the most humble background in modern China. </P> <P>The revelation that she faces execution is the latest in a string of dramatic events surrounding her case, including the arrest of several prominent bankers and officials from information she is said to have given, and her own reported suicide attempt. Details are murky because much of the case, including the appeal, has taken place behind closed doors, with restrictions on direct press coverage. That, however, has not stopped Chinese newspapers and internet opiners from discussing avidly a case that has clearly caught the public interest.</P> <P>If any point is beyond dispute, it is that Ms Wu was a dynamo. She dropped out of secondary school and started a string of beauty parlours whose primary product was the use of animal-placenta injections to achieve the same sort of skin-smoothing effect for which collagen is used in the West. Within a few years she was reported in <EM>China Daily</EM> to have assembled a business empire that spanned spas, hotels and property. Her net worth was then said to exceed 3.8 billion yuan ($576m).</P> <DIV class=related-items><STRONG>Related topics</STRONG> <DIV class=item-list> <UL class=related-item-list> <LI class="first last"><A class=related-inline-topics href="http://www.economist.com/topics/china">China</A> </LI></UL></DIV></DIV> <P>It all began to crumble when Ms Wu was detained in 2007, but a conviction did not come until December 2009, a particularly long delay that many believed was caused by efforts to broaden the investigation to include other prominent people. Ultimately, she was convicted of  illegal fund-raising for, the court concluded, raising 773m yuan from illicit sources. In an effort to mitigate her sentence, in the appeal Ms Wu changed her plea from innocent to guilty of  fund-raising fraud , a lesser charge. Since her initial trial three other people have received long jail sentences in related cases, two of whom had ties to the vast Agricultural Bank of China and one to the Communist Party.</P> <P>The case struck a nerve across the country, and not just because of the severity of the sentence and the fame of the accused. What she was convicted of was raising and pooling money outside the official system, which is common among Chinese entrepreneurs. There has been much speculation about why she was singled out. Perhaps it was that her promises to investors of annual returns of up to 80% seemed just too good, to the authorities, to be genuine. It is also possible that she lent on the money she received at even higher rates, and the borrowers, unable to pay, used their political connections to have her arrested.</P> <P>China s entrepreneurs are left with plenty to worry about. Many have to rely on a form of financing that now seems to be interpreted by the courts as a grave crime. The distinction between being a successful tycoon and being an enemy of the people has been blurred, a step back to the days when China was communist in more than just name. </P> <P>-----------------------</P> <P> </P> <DIV id=comments><A id=comment-890372></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Pacific%2BCentury/comments">Pacific Century</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 9:06 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>Quote: "...Perhaps it was that her promises to investors of annual returns of up to 80% seemed just too good..."</P> <P>Sounds like a pyramid scheme to me.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-890372 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/890372?page=&amp;nid=18560729&amp;token=263cba3c1c3171a4784c9a49eeb49564&amp;sort=asc" rel=nofollow>Recommend</A> (30)</DIV> <DIV id=permalink-cid-890372 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/890372#comment-890372" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-890372 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/890372?page=&amp;nid=18560729&amp;token=6d6b23c1a6c32a23c7297f8976ca8104&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-890527></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/An%2BAmerican%2BWho%2BOriginated%2Bfrom%2BHong%2BKong/comments">An American Who Originated from Hong Kong</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 12:26 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>To those who believe that the Chinese "market" is a treasure-chest of business deals to be made, this showcases what could happen when you rub the wrong people in China the wrong way.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-890527 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/890527?page=&amp;nid=18560729&amp;token=9b1ee382ec80742b253d88e9e9e9cc6c&amp;sort=asc" rel=nofollow>Recommend</A> (36)</DIV> <DIV id=permalink-cid-890527 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/890527#comment-890527" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-890527 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/890527?page=&amp;nid=18560729&amp;token=7b42c5870053d94097e5ab48bf9846e6&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-890542></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/An%2BAmerican%2BWho%2BOriginated%2Bfrom%2BHong%2BKong/comments">An American Who Originated from Hong Kong</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 12:32 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>The practice of the rule of law is for the weak and the feeble-minded -- a Judeo-Christian folly. In the more advanced civilization that is China, and specifically for the "glorious, great, and infallible" Chinese Communist Party -- their strength of character had / have / will have little tolerance for such idiotism as the rule of law, when this-worldly interests are at stake for the powerful.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-890542 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/890542?page=&amp;nid=18560729&amp;token=6ff3716aaf9b5ff3aca08dacd67ac48e&amp;sort=asc" rel=nofollow>Recommend</A> (26)</DIV> <DIV id=permalink-cid-890542 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/890542#comment-890542" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-890542 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/890542?page=&amp;nid=18560729&amp;token=4ef86cec39e05d3f5ebbc04010d1dffd&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-890859></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Varun%2BGuptaIndia/comments">Varun GuptaIndia</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 5:11 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>May be she forgot the word 'Guanxi'. Long live the CCP!</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-890859 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/890859?page=&amp;nid=18560729&amp;token=fb669c66d9ff6254c98f58f43f2dc584&amp;sort=asc" rel=nofollow>Recommend</A> (8)</DIV> <DIV id=permalink-cid-890859 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/890859#comment-890859" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-890859 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/890859?page=&amp;nid=18560729&amp;token=7ef016e463e65e79a52fb418424f2a6b&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-890867></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Take%2BDown%2Bthe%2BWall/comments">Take Down the Wall</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 5:16 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>CCP = Mafia + Capitalism. It's all about the margins, baby!</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-890867 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/890867?page=&amp;nid=18560729&amp;token=d455ebb858a4410eb7ce9ee2ffcf2531&amp;sort=asc" rel=nofollow>Recommend</A> (18)</DIV> <DIV id=permalink-cid-890867 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/890867#comment-890867" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-890867 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/890867?page=&amp;nid=18560729&amp;token=3f55dcac3d610651c403df5016a92fc4&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-890873></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Swiftly/comments">Swiftly</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 5:21 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>"Something rabidly pro-CCP."</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-890873 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/890873?page=&amp;nid=18560729&amp;token=b2cf487c1feb18a812d0e0b87da3ae7e&amp;sort=asc" rel=nofollow>Recommend</A> (4)</DIV> <DIV id=permalink-cid-890873 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/890873#comment-890873" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-890873 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/890873?page=&amp;nid=18560729&amp;token=78e9446807d3423d4761da6967db57fa&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-890976></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Benjam%25C3%25BD/comments">Benjam</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 7:09 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>Intimidation in the worst way.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-890976 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/890976?page=&amp;nid=18560729&amp;token=6db47df364b195cfc5b1771a2a069ffc&amp;sort=asc" rel=nofollow>Recommend</A> (4)</DIV> <DIV id=permalink-cid-890976 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/890976#comment-890976" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-890976 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/890976?page=&amp;nid=18560729&amp;token=ff7c3cd946ef54c6a5601a258f3b710d&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-890995></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Romney.Schield%2540yahoo.co.uk/comments">Romney.Schield@yahoo.co.uk</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 7:28 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>If China was actually a state, it would have been better to charge her with fraud and allow her to repay investors.<BR>But Mafia organizations typically kill competitors and steal their wealth.<BR>This incident just proves that the China is ruled by Mafia.<BR>But there is no need for a war.<BR>Best way to crush China: Give western country citizenship to all nice clever Chinese girls below the age of 25. In 40 years China would be a shadow.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-890995 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/890995?page=&amp;nid=18560729&amp;token=5e6f600944cf3f7f8323537411f381e6&amp;sort=asc" rel=nofollow>Recommend</A> (40)</DIV> <DIV id=permalink-cid-890995 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/890995#comment-890995" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-890995 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/890995?page=&amp;nid=18560729&amp;token=c2aae1e07cb517226a0ad68539ad100f&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891067></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/MichaelAC/comments">MichaelAC</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 8:57 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>Good grief. Does this woman really need to be executed?</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891067 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891067?page=&amp;nid=18560729&amp;token=cff68c695c51fea6fa601214b5792a96&amp;sort=asc" rel=nofollow>Recommend</A> (17)</DIV> <DIV id=permalink-cid-891067 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891067#comment-891067" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891067 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891067?page=&amp;nid=18560729&amp;token=4e80c0c9b38bc3293aac81436a82cdde&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891136></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/AlienB/comments">AlienB</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 10:09 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>I can't believe how low The Economist has gone. White-washing a pyramid scheme as "fund-raising"?? Way to go, The Economist.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891136 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891136?page=&amp;nid=18560729&amp;token=3bdbd52a74c5675b73085e4ef2225764&amp;sort=asc" rel=nofollow>Recommend</A> (37)</DIV> <DIV id=permalink-cid-891136 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891136#comment-891136" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891136 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891136?page=&amp;nid=18560729&amp;token=a6ee31fdcca347bb99edde8ab7e83604&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891160></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/long%2Bmarch/comments">long march</A> wrote: </DIV> <DIV class=comment-date>Apr 15th 2011 10:37 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>She is China's Bernie Madoff. We can ship this kind of people to Britain for free, as many as you want.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891160 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891160?page=&amp;nid=18560729&amp;token=d7634a5de5bbcd2212807025baa14e90&amp;sort=asc" rel=nofollow>Recommend</A> (28)</DIV> <DIV id=permalink-cid-891160 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891160#comment-891160" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891160 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891160?page=&amp;nid=18560729&amp;token=e510a21d56fb89cc7a6196e7024ec1a7&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891236></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Redditor111/comments">Redditor111</A> wrote: </DIV> <DIV class=comment-date>Apr 16th 2011 12:10 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>I found the article extremely well-written. Though I would of liked it if the suggestion of her being a pyramid schemer was brought up, rather then needing to read it in the comments.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891236 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891236?page=&amp;nid=18560729&amp;token=80ebcd7d23c847b1e3f134e1c11dd99b&amp;sort=asc" rel=nofollow>Recommend</A> (24)</DIV> <DIV id=permalink-cid-891236 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891236#comment-891236" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891236 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891236?page=&amp;nid=18560729&amp;token=be06e593d5f71d9403af28446a4832b0&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891242></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/bismarck111/comments">bismarck111</A> wrote: </DIV> <DIV class=comment-date>Apr 16th 2011 12:18 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>Its interesting the Economist did not provide a link to the articles about Chinese Entrepreneurs that it put a few weeks ago. It talks about pooling of capital</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891242 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891242?page=&amp;nid=18560729&amp;token=b3e0ee94b62c4a50b769cee652f7c5cb&amp;sort=asc" rel=nofollow>Recommend</A> (5)</DIV> <DIV id=permalink-cid-891242 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891242#comment-891242" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891242 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891242?page=&amp;nid=18560729&amp;token=6bf37c89c199c4b7f75b2f6c1dc41e73&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891255></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/happygolucky337/comments">happygolucky337</A> wrote: </DIV> <DIV class=comment-date>Apr 16th 2011 12:42 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>Fund-raising is such an inaccurate word... Though with China's bull economy,cooperation for higher return is assumed to be infinite, therefore no incentive to default... ... This particular case may, however ironically, discourage this mentality setting a chain reaction of fear for those taking high risks for entrepreneurs...</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891255 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891255?page=&amp;nid=18560729&amp;token=86d1a24877bbad2153553b9941522d5c&amp;sort=asc" rel=nofollow>Recommend</A> (6)</DIV> <DIV id=permalink-cid-891255 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891255#comment-891255" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891255 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891255?page=&amp;nid=18560729&amp;token=281b55adb5f71e5c410dd3c144836a0b&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891342></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Daveycool/comments">Daveycool</A> wrote: </DIV> <DIV class=comment-date>Apr 16th 2011 3:22 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>If she ran a pyramid scheme she must be punished but death is very wrong. </P> <P>But in what way does this prove the whole place is "mafia capitalism"? In America you catch a Madoff and a Stanford... it does not make the system a mafia capitalist system... oh sorry I forgot... there's the US banking system stealing from Americans. Kleptocracy? Which country are we referring to?</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891342 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891342?page=&amp;nid=18560729&amp;token=4fa1108225d1e0f266c1beab99cc6a3d&amp;sort=asc" rel=nofollow>Recommend</A> (18)</DIV> <DIV id=permalink-cid-891342 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891342#comment-891342" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891342 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891342?page=&amp;nid=18560729&amp;token=8cf3cda9a430fc482d9d19abd1961840&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891450></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/BuzzLOL/comments">BuzzLOL</A> wrote: </DIV> <DIV class=comment-date>Apr 16th 2011 6:45 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>.. Yes, this lady appears to be a combo of Madoff, Ponzi scheme, and Chinese mafia... which puts her alarmingly outside of the control of the CCP...</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891450 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891450?page=&amp;nid=18560729&amp;token=43a24da4804b4d6fdde5cb3d56d8cee8&amp;sort=asc" rel=nofollow>Recommend</A> (6)</DIV> <DIV id=permalink-cid-891450 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891450#comment-891450" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891450 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891450?page=&amp;nid=18560729&amp;token=2ec93f8f194de859aec124878da57eaa&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891479></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Pacific%2BCentury/comments">Pacific Century</A> wrote: </DIV> <DIV class=comment-date>Apr 16th 2011 7:25 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>@Romney.Schield@yahoo.co.uk</P> <P>Quote: "...Best way to crush China: Give western country citizenship to all nice clever Chinese girls below the age of 25. In 40 years China would be a shadow... </P> <P>Before China turns into a shadow in 40 years time, the UK might have become an Islamic Republic (or a Polish colony), or suck dried by the EUSSR. So don t worry about China, just worry about your  democratically-elected politicians and your Labour Party.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891479 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891479?page=&amp;nid=18560729&amp;token=d068f110f05cfc8b06cdb1475f566097&amp;sort=asc" rel=nofollow>Recommend</A> (10)</DIV> <DIV id=permalink-cid-891479 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891479#comment-891479" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891479 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891479?page=&amp;nid=18560729&amp;token=3b9bc838a6df1f28ed19f5c633c1ac06&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891585></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Giampiero%2BTozzi%2BPanozzo/comments">Giampiero Tozzi Panozzo</A> wrote: </DIV> <DIV class=comment-date>Apr 16th 2011 10:07 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>I do hope that when the time comes...and It will come ;the same compassion will be shown to the Chinese Leadership.</P> <P>It is quite a sorry story .... looks like the Chinese will eventually stifle their own progress and repeat the same mistakes once again. History repeats.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891585 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891585?page=&amp;nid=18560729&amp;token=f77bd4efaaf29ec08c65dd28935c1b3b&amp;sort=asc" rel=nofollow>Recommend</A> (3)</DIV> <DIV id=permalink-cid-891585 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891585#comment-891585" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891585 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891585?page=&amp;nid=18560729&amp;token=310b47f823754b62ab5a0cab2005d48d&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891646></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/deadsparrow/comments">deadsparrow</A> wrote: </DIV> <DIV class=comment-date>Apr 16th 2011 12:24 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>Amazing news. Why can't the Chinese be more like us? Of course, since we are bankrupt, maybe they don't want to be.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891646 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891646?page=&amp;nid=18560729&amp;token=234e130b1cee7d3ea8723ecce33a65a9&amp;sort=asc" rel=nofollow>Recommend</A> (4)</DIV> <DIV id=permalink-cid-891646 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891646#comment-891646" rel=nofollow>Permalink</A></DIV> <DIV id=abuse-cid-891646 class=report_abuse><A class=report-anchor href="http://www.economist.com/vote/report_abuse/891646?page=&amp;nid=18560729&amp;token=5fe5c6bd4592a5c80dd0c4024c0feca5&amp;sort=asc" rel=nofollow>Report abuse</A></DIV></DIV></DIV><A id=comment-891703></A> <DIV class=comment> <DIV class="comment-info clearfix"> <DIV class=comment-headline><A title="View user's comments." href="http://www.economist.com/user/Take%2BDown%2Bthe%2BWall/comments">Take Down the Wall</A> wrote: </DIV> <DIV class=comment-date>Apr 16th 2011 2:21 GMT </DIV></DIV> <DIV class="comment-body clearfix"> <P>What happened to communism? Why were there people jumping off factory dorms to death while others live in multi-million dollar mansions and kids drive Ferraris? Aren't we supposed to SHARE THE WEALTH? The CCP has already been overthrown, they just haven't got around to change the title.</P></DIV> <DIV class="comment-links clearfix"> <DIV id=recommend-cid-891703 class=recommend><A class=recommend href="http://www.economist.com/vote/recommend-comment/891703?page=&amp;nid=18560729&amp;token=cbc975e62d1c6e1d0538c1c04758fb1b&amp;sort=asc" rel=nofollow>Recommend</A> (4)</DIV> <DIV id=permalink-cid-891703 class=permalink><A title="Permanent link to this comment" href="http://www.economist.com/comment/891703#comment-891703" rel=nofollow>Permalink</A></DIV></DIV></DIV></DIV></DIV></BODY></HTML>