2008:China doubled oversea direct investment

9月8日,商务部、国家统计局、国家外汇管理局联合发布的《2008年度中国对外直接投资统计公报》(下称统计公报)显示,2008年,中国对外直接投资净额达559.1亿美元,较上年增长111%,年度对外直接投资额首次突破500亿美元。

金融类对外直接投资尤为活跃,达到140.5亿美元,同比增长741%;非金融类对外直接投资同比增长68.5%。

See 2008年中国对外直投额翻番

On the legitimacy of private wealth in China

[Economist has an article on the legitimacy of private wealth in China. The article highlights the risks of being rich, especially for those with their names on the Forbes list. ]

The stigma of wealth in China

Original sin

Sep 3rd 2009 | HONG KONG
From The Economist print edition

China debates whether its richest citizens earned their fortunes fairly

MOST Chinese assume it is something of a mixed blessing to appear in the annual rankings of China’s wealthiest citizens published by Forbes magazine. Early this year a novel with the title “The curse of Forbes” was syndicated in a Chinese magazine before being published as a book. Anyone on the list, its protagonist warns, is “dead meat”. The rankings are widely known as “pig-killing lists”—a reference to the fate the authorities are thought to have in mind for those who appear on them. In a review of the book, Forbes reflects on the fact that many people on its Chinese lists have indeed been detained or arrested, and asks whether “anyone in China is safe from the curse”.

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Quote of the day

At the very heart of Gao’s book lies an absorbing question that has occupied numerous Chinese thinkers since the time of Confucius in the fifth century BCE, namely how to understand and deal with the moral ambiguities and practical inhibitions that arise if we choose to serve a tyrant.

–Quote from Jonathan D. Spence’s Remarks on Gao Wenqian’s book Zhou Enlai: The Last Perfect Revolutionary: A Biography