Teaching Comparative Government and Politics

Wednesday, September 28, 2011

Chinese Capitalist Party?

Mao would be appalled. Even Deng would have doubts. But capitalism is coming to Chinese Communism.

China's richest man Liang Wengen may join ruling elite
China's richest man is set to join the ruling Communist Party's Central Committee, media reports say.

If Liang Wengen, 55, is chosen by the party's 2012 congress, he will be the first entrepreneur to join the body, which in effect rules the country…

The media reports said he had completed a vetting procedure for the 300-strong body and was on track for approval by the congress in October next year.

Our correspondent says China's wealthy are increasingly being courted by the party, which only started allowing businessmen into its ranks a decade ago...

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