Red princelings pass down their status

[Windsorlou]

Red princelings pass down their status

Staff Reporter
2012-04-22
15:47 (GMT+8)

Bo Guagua, the grandson of Bo Yibo, and Chen Xiaodan, the grand-daughter of Chen Yun, traveled to Tibet together. (Internet photo)

There are several hundred children of Chinese ruling elites currently living or studying in the United States, according to an article from the Institute for Defense Studies and Analyses, based in New Delhi.

Chinese officials are busying themselves preparing their children's careers for them, according to the article The Red Princelings of China written by Sinologist RS Kalha. Kalha said that the children of party revolutionaries, officials or party cadres — so called ‘princelings’ — occupied three out of the 25 seats on the politburo in 2005. By 2007, that number was up to seven.

Kalha used the family of former Chongqing Party Secretary Bo Xilai as an example. Bo inherited the legacy of his father, Bo Yibo, one of the "immortals" of the Chinese Communist Party, and so have his siblings. His brother, Bo Xiyong, who also uses the name Li Xueming, serves as executive director of China Everbright Holdings, a state-run banking company. Li has an annual salary of around US$1.7 million.

Hu Haifeng, son of President Hu Jintao, is currently the chairman of tech company Nutech. The company was involving in a bribery scandal in 2009 when it attempted to secure a US$55.3 million contract to install its scanners at customs inspection points in Namibia. News of the scandal was blacked out by Chinese media.

Wen Yunsong, son of Premier Wen Jiabao, raised US$1 billion in a very short time to fund his company, New Horizon Capital. The company already reportedly had $500 million when it was established in 2007 after investment from Japan's Softbank Corp and Singapore's state investor Temasek Holdings. Using their connections and networks created by their fathers, the princelings are powerful in both political and economic arenas.

In order for their children to be as powerful as themselves, Chinese officials and party cadres are now sending their own princelings to the United States or Great Britain to be educated. Bo Guagua, Bo Xilai's son, goes to Harvard. Xi Mingze, daughter of Xi Jinping, and Chen Xiaodan, grand-daughter of a renowned revolutionary Chen Yun, are also students of Harvard, according to New-York-based Mingjing news.

The lifestyles of the princelings in the United States is luxurious, with the officials' children often driving luxury cars, according to Mingjing. The princelings are experiencing warm welcomes at private schools of the United States, according to an article on Yahoo China.

There are about 150,000 Chinese students currently studying in the United States, providing about US$500 million anually to the United States. Since most Chinese people cannot afford to send their children aborad, many Chinese students studying in the United States are the children of officials or businesspeople.
　　
References:

Bo Xilai　　薄熙來
Bo Yibo　　薄一波
Bo Yiyong　　薄熙永
Bo Guagua　　薄瓜瓜
Hu Haifeng　　胡海峰
Hu Jintao　　胡錦濤
Wen Yunsong　　溫雲松
Wen Jiabao　　溫家寶
Xi Mingze　　習明澤
Xi Jinping　　習近平
Chen Xiaodan　　陳曉丹
Chen Yun　　陳雲

 

[TuaTeetu]

So ah loong son in stanford or hartford?

Like singapore, leaders screams out to peasants saying how good their country is and kinds of asian values bullshits, no political influences by foreigners

While at the same time send their kids to democratic and freedom of speech angmo countries.

What an iron curtain irony!