News » Politics » Photos: China’s 10 Richest People, According to Hurun

News » Politics » Photos: China’s 10 Richest People, According to Hurun


Photos: China’s 10 Richest People, According to Hurun

Posted: 25 Sep 2012 08:23 PM PDT

Many of China's wealthiest people have have seen their wealth shrink this year amid slowing growth and a weakening property market. Those trends have also helped shift things around in an annual ranking of China's richest from Hurun Report. Here, an illustrated list of the top 10.

Huawei Wants An ASX Listing, Just Not Now

Posted: 25 Sep 2012 08:10 PM PDT

China's Huawei Technologies won't list on the Australian Securities Exchange until 2017 at the earliest, if at all, as it seeks to convince Australian authorities that it's run transparently and not an arm of the Chinese state.

China accused over Himalayas casualties

Posted: 25 Sep 2012 09:40 AM PDT

Heavy handed response to Tibet protests led to higher number of deaths on the mountains, according to expedition organisers

China's response to a wave of protests in Tibet this year, including restricting access to the Tibetan Himalayas, may have led to a higher number of casualties in the mountaineering disaster this weekend, expedition organisers have claimed.

China rejected climbing permits for mountaineers wanting to climb in Tibet, meaning that more people than usual attempted to ascend the mountain in Nepal.

About 25 climbers were preparing to leave their tents at a camp high on the mountain of Manaslu, the world's eight highest peak, at dawn on Sunday morning when debris from a falling ice cliff swept over them. Rescuers have so far brought down the bodies of eight victims ó four French, one each from Germany, Italy and Spain, and a Nepali guide.

With several other climbers missing, the death toll is expected to rise, making the tragedy one of the worst in recent mountaineering history. Ten were successfully evacuated.

Though veteran climbers and experts say that the numbers attempting an ascent of the mountain did not cause the disaster, many more mountaineers were present on the mountain than is usual after Chinese authorities cut down on permits for mountaineers hoping to climb in Tibet.

About 30 teams registered to climb Manaslu, a 50 percent increase over last year, said Ang Tshering, who runs the popular Asian Trekking agency in Nepal.

Local journalists reported that there were around 250 climbers on the mountain when disaster struck, almost flattening a camp at an altitude of 7,000m. Most were at base camp however and out of danger.

Expeditions attempting the 8165 metre peak appear to have included two teams both aiming to complete the first ski descent of the mountain without the assistance of bottled oxygen. One team had been forced to switch to a Nepali peak at the last minute after being refused a visa by Chinese authorities.

Tibet is a sensitive area for Chinese authorities which limit access for foreign tourists when tensions there rise. Permits to mountaineering expeditions were cut off altogether in 2008 while Chinese climbers took the Olympic torch to the top of Mount Everest before the Beijing Games.

More than 50 Tibetans have died after setting light to themselves since March last year to bring attention to what they say is their suffering under China's repressive policies. In the most recent incident, two teenagers, a monk and a former monk, died near the Kirti monastery, a centre of protests in eastern parts of the historical area of Tibet , outside the current "Tibetan Autonomous Region".

The protests have led to major security clampdowns.

China says Tibet has always been part of its territory and calls protesters who self-immolate criminals or "separatists". Tibetans say the Himalayan region was virtually independent for centuries.

Bikram Newpane of the Katmandu-based Himalayan Rescue Association said China's ban on permits for climbing the northern face of the Himalayas in Tibet could have added to the dangers.

"It is never 100 percent safe up on the mountains and the risks are always there. But there were more people on the mountains this year," Newpane said.

Veteran Nepali climbers called the disaster "natural" and said it was wrong to say it was "man made".

But overcrowding has been a constant concern on sought-after peaks because of limited space on popular routes and short "weather windows" when conditions allow climbers to reach the summit of mountains.

Four people were killed on Mount Everest earlier this year when dozens of climbers clogged the same narrow trail to the summit, forcing many to stay too long at high altitudes and exhaust their oxygen supplies.

One Nepalese official said the popularity of Manaslu, first climbed in 1956, was not a problem.

"Yes, base camp might have been a bit crowded but the route higher up was not. This is a natural disaster. Not man-made in any way," he told The Guardian shortly after news of the tragedy broke on Sunday.

Authorities in poverty-stricken Nepal are sensitive to charges that too many permits for climbing mountains are sold to foreign expeditions. However, the permits generate much needed hard currency. A permit for Manaslu costs $5000.

Ang Tsering Sherpa, former president of the Nepal Mountaineering Association who has climbed Manaslu several times, said there was "no any exact reason for any one avalanche" though climate change could have played a role.

Climbers blame global warming for some of the recent tragedies on the Himalayan peaks, which have been hit by warmer temperatures which make sudden melting of otherwise stable frozen snow slopes more likely.

ends


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Toyota scales back Lexus production

Posted: 25 Sep 2012 08:12 AM PDT

Japanese car firm to reduce output of luxury marque in Japan following fall in demand in China over territorial row

Toyota is scaling back production of its luxury Lexus cars in Japan to adjust to reduced demand in China, where anti-Japanese riots broke out last week over a territorial dispute.

Toyota said on Tuesday production of Lexus models was being curtailed at its 100%-owned Kyushu subsidiary in south-west Japan, but declined to give numbers or other details.

According to Toyota, production other plants in Japan has not been affected by the China situation.

The maker of the Prius hybrid said operations are back to normal at all its plants and dealers in China as of Monday. Some had shut temporarily.

The purchase by the Japanese government of tiny islands, controlled by Japan but claimed by Beijing, triggered riots across China last week.


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Top China Stories from WSJ: Foreign Bank Profits, Aircraft Carrier, Islands Dispute

Posted: 25 Sep 2012 06:52 PM PDT

Profits earned by the China operations of foreign banks surged in 2011; China announced that its first aircraft carrier has entered service; Taiwanese fishing vessels and government patrol boats entered territorial waters near disputed islands in the East China Sea.

McKinsey: China's consumer habits approaching rich nations

Posted: 26 Sep 2012 01:54 AM PDT

A report by global management consulting firm McKinsey reveals that a new consumer class is emerging in China that is more emotionally driven and brand-conscious, reports the website of the state-run ...

Chinese bulk commodity markets growing at slower pace

Posted: 26 Sep 2012 01:54 AM PDT

The bulk commodity market will continue grow rapidly in China but the market will also be integrated at a fast speed with greater risks, according to China's Commodity Research Center. The center co...

China's A-share market not yet ready for solid rebounds

Posted: 26 Sep 2012 01:54 AM PDT

The performance of China's A-share stock market so far this year has been described by the media as an enigma as it has witnessed short-lived rebounds before slipping even lower while major internatio...

Baijiu stocks overperform due to questionable sales growth

Posted: 26 Sep 2012 01:34 AM PDT

Shares in Chinese liquor or baijiu producers have performed rather well on China's stock markets due to high sales of their products, despite recent allegations that these sales were artificially boos...

Indian aircraft carrier bought from Russia fails sea trial

Posted: 26 Sep 2012 01:34 AM PDT

The Indian Navy has postponed the commission of the Admiral Gorshkov, a Lenin-class aircraft carrier acquired from Russia, due to the failure of seven of its eight steam boilers, reports Global Times,...

Chinese companies roll out staff prizes for Mid-Autumn Festival

Posted: 26 Sep 2012 01:34 AM PDT

This year's Mid-Autumn Festival, a Chinese holiday which falls on the 15th day of the eighth month of the lunar calendar, falls on the day prior to China's National Day of Oct. 1. The convergence of t...

Foxconn Denies Death Reports

Posted: 25 Sep 2012 05:44 PM PDT

Production resumed on Tuesday at a factory owned by the manufacturer of Apple's iPhones in the northern Chinese city of Taiyuan following a brawl among workers as the company denied reports that a number of people had died in the violence.

Foxconn Technology Group spokesman Simon Hsing told Reuters the company's manufacturing facility was back to normal, with its production lines in full operation on Tuesday.

In a separate statement, the company denied reports from a Hong Kong news website and a Foxconn worker who spoke to RFA suggesting that several people had died in the mass riots.

In a statement to the NextWeb news website, Taiwan-owned Foxconn said there were "no employee deaths" in the fighting, which official media said was sparked by a dispute between workers from different regions of China in a dormitory building, resulting in 40 injuries, most of them minor.

NextWeb had reported that as many as 10 people may have died in the clashes, as microblog users uploaded photos of destroyed scooters, industrial equipment and street furniture, which they said showed the aftermath of the riots.

Meanwhile, a Taiyuan-based Foxconn worker surnamed Zhao told RFA's Cantonese service on Tuesday that seven people had died in the violence, which he said began after a Henan woman worker returned to the factory compound after an evening of drinking without her identity card, and was beaten up by security guards from Shandong following an altercation.

"Actually, seven people died," Zhao said. "I saw some of them with my own eyes, and I heard about some of them from others."

"More people died who were from Henan, although there were some from Shandong as well," he said, adding that "a large number" of people had sought emergency medical care.

Clampdown

Taiyuan authorities imposed a security clampdown in the streets around the factory after a halt in production Monday following riots involving around 2,000 workers.

Around 5,000 policemen were dispatched to the scene of the riots, which official media said began as a dispute between workers of different age groups in a dormitory building.

Police and company officials are still investigating the cause of the disturbance, but the Xinhua news agency said it was sparked by a fight between rival groups of workers who banded together out of loyalty to those from their hometowns.

Official Chinese media accounts also said no deaths had occurred, and that only three people had suffered serious injuries.

Zhao said the dead and injured had all been taken to a nearby People's Armed Police hospital, and that the company and the authorities had tried to hush up news of the deaths.

"Right now, the death toll is hugely sensitive," he said. "The company has forbidden us to tell anyone, or we will bear the full consequences."

"I am taking a huge risk in telling you."

Zhao said security remained tight around the factory on Tuesday.

"There are still large numbers of armed police around the area," he said. "There were several thousand dispatched here on Sunday, and they haven't left yet."

"They are staying inside the factory and in nearby primary schools and villages," he said. "All the armed police in Taiyuan were sent here, and all the roads are still sealed off."

Suicides

The Taiyuan facility employs 79,000 workers, and manufactures the iPhone 5, according to labor protection group China Labor Watch.

The unrest at Foxconn, which is the world's largest contract maker of electronic goods, came after a series of labor incidents at the company's factories, including a string of worker suicides last year.

The company has been slammed for poor working conditions and mistreatment of employees at its China facilities, but says it has spent heavily in recent months to improve conditions and to raise wages.

While the company has said it is currently investigating the cause of the violence, online comments have blamed brutality on the part of the factory's own security guards.

Reported by Fung Yat-yiu for RFA's Cantonese service. Translated and written in English by Luisetta Mudie.

Action Plan Sought For Tibet

Posted: 25 Sep 2012 04:30 PM PDT

A concrete action plan is needed to ease the "tragic situation" in Tibet, the leader of the Tibetan government in exile told hundreds of Tibetans gathered in India to devise strategies to confront the rising tide of self-immolations and other protests against Chinese rule.

The four-day meeting which began Tuesday in the Indian hill town of Dharamsala, where Tibet's spiritual leader the Dalai Lama lives in exile, is the largest assembly in four years to discuss the situation in Tibet, where rights groups claim of increasing abuses committed by Chinese authorities.

Lobsang Sangay, the head of the Dharamsala-based Central Tibetan Administration (CTA), as the government in exile is called, said that the meeting should be an opportunity to address how to lobby international support in India and the rest of Asia, and further abroad aimed at containing the "crisis" in Tibet.

He hoped that meeting called by the Dalai Lama will come up with a new and concrete action plan for Tibet, according to the CTA website.

"The main agenda of the meeting is to discuss how we can react to the urgent crisis inside Tibet—what can be done in India and other Asian countries and what we can do internationally," he told the more than 400 delegates from 26 countries attending the assembly.

The meeting held at the Tibetan Children's Village school was the biggest gathering of exile Tibetans since the last Special General Meeting in 2008, which followed bloody protests in Lhasa that resulted in a brutal crackdown by the Chinese government.

Fifty-one flags were hung from the balcony of the school hall, one representing each of the Tibetans who have set fire to themselves over the last two years to protest Chinese rule in Tibetan areas and call for the return of exiled spiritual leader the Dalai Lama.

Penpa Tsering, speaker of the exile parliament, said in his opening remarks that the gathering was to "to seek ways and means to address the urgent situation inside Tibet."

Chinese policies, including blocking media from covering the self-immolations and preventing observers from investigation them, had pushed the situation there to a crisis point, he said.

"Instead of looking into the situation that led to the Tibetan self immolations… they tried to mislead the Chinese public as well the world community by not letting the public know the realities of the Tibetan situation."

"They attempted to turn Tibet into a large prison and drove the situation inside Tibet into crisis," he said.

dharamsala-lobsang-sangay-400
Lobsang Sangay, prime minister of the exile Tibetan government, addresses the opening of the second Tibetan Special General Meeting in Dharamsala, Sept. 25, 2012. Credit: RFA.

Recommendations

Delegates to the meeting —which include members of local Tibetan organizations in India, U.S., Europe, and other regions—will form ten committees and submit recommendations on how to respond to the self-immolations.

Wednesday's session of the assembly is split into one session on recommendations for what can be done in India and Asia and a second session on actions in other countries.

Their suggestions will form the basis for a final report and resolution to be passed on Friday.

Mura Tenpa, a member of the exile parliament representing the Amdo region, said that some Tibetans were frustrated that the exile government had not done enough to stem the tide of self-immolations, which have continued steadily since February 2009.

"The Kashag (cabinet) and parliament and others have organized several actions in response to the situation inside Tibet. But there are many who express dissatisfaction and say the actions lack impact."

The government in exile however "is providing a platform for the larger Tibetan community to express their solutions and suggestions," he told RFA's Tibetan service on the sidelines of the meeting.

"Since the people are the voice and authority, the Kashag and the exile parliament want to hear their voices and then implement their suggestions and guidelines."

Self-immolations

The meeting is the first since the Dalai Lama turned over his political responsibilities to Lobsang Sangay.

The Dalai Lama will not participate in the discussions but will attend a prayer for his long life to be offered on Friday.

He has blamed China's "totalitarian policies for the self-immolations, which have left many Tibetans shocked because they contradict Buddhist teachings that all life is sacred.

Sangay said the Kashag respected the self-immolators' sacrifices but called for end to the practice.

"As human beings, the Kashag recognizes the acts of self immolations are tragic incidents, and has thus appealed the Tibetans inside Tibet not to resort to self-immolations and stop the practice. As Buddhists, we conduct prayers and make offerings for those who lost their lives in the act of self-immolation. Then as a Tibetans, we recognize those acts of self-immolation and their sacrifices for the cause of Tibet and the Tibetans."

"The Kashag expresses solidarity for their call for the return of Dalai Lama to Tibet and demand for freedom for the Tibetans," he said.

International campaigns

He urged Tibetans to conduct campaigns to raise international support for the cause.

"2013 should be Tibet's lobbying year," he said.

He said that Tibetan representatives have lobbied governments around the world to pass statements and resolutions of support in Australia, Canada, Taiwan, Czech Republic, France, Germany, Japan, Italy, South Africa, Poland, Switzerland, the U.S., and other countries.

But Sangay said Tibetans could also do more to campaign for support among Buddhists in China.

"We should try to reach out to the Buddhist community. In China alone, there are about 300 million Chinese Buddhists and we should try to reach out to them," he said.

"In India and Asia, we should establish the importance of Tibet for India and Asia from the perspective of security and environment."

Reported by RFA's Tibetan service. Translated by Karma Dorjee. Written in English by Rachel Vandenbrink.

Taiwanese fishing boats leave Diaoyu Islands after protest

Posted: 25 Sep 2012 03:55 PM PDT

Taiwan – Taiwanese fishing boats that sailed to the Diaoyu Islands to protest Japan's "purchase" of part of the islands completed their voyage Tuesday morning and have set sail for home.

Local media reported that the boats finished their protest at 9:15 a.m.and are expected to return to a port in northeast Taiwan's Yilan county at noon Wednesday.

The boats assembled about 20 nautical miles away from the Diaoyu Islands at 5 a.m. Tuesday. They then made their way to the islands while evading Japanese vessels that attempted to stop them with water cannons, pushing to an area located three nautical miles away from the islands.

Although the boats originally numbered 75, they were joined at sea by other boats from different parts of Taiwan, raising the total number to about 100 vessels.

Organizers said the voyage was made to protect Taiwanese fishing rights in nearby waters and to protest Japan's "purchase" of part of the Diaoyu Islands.

The Japanese government announced a plan to "purchase" part of the islands earlier this month, despite opposition from the Chinese government. Local authorities in Taiwan have also protested the move. /Xinhua News

Man killed 3 school girls in dormitory in central China

Posted: 25 Sep 2012 02:57 PM PDT

Henan, China – According to Dahe News, 3 girls were killed and another girl severe injured when a young man broke into their dormitory around 5am on September 25.

School of Henan Polytechnic is now under curfew where students can only enter the school but not allowed to go out. Local Zhengzhou police has arrested the suspect later in the afternoon when he was on a bus.

The only survivor of the four victims has multiple stab wounds on her back and arms. Police said the suspect was not an enrolled student from the school. One of the victims met him online. The girl had a dispute with the other three when returned to the dorm late from an internet cafe. FMN

China News Broadcast, September 25, 2012: China's Aircraft Carrier, Gold and Silver Mooncakes

Posted: 25 Sep 2012 01:42 PM PDT

In today's China News, China's military puts its first aircraft carrier into service. Falun Gong practitioners raise awareness of organ harvesting outside the UN General Assembly. Pricey mooncakes made from gold and silver.

China leader in Afghanistan for first time in 46 years

Posted: 25 Sep 2012 01:04 PM PDT

The visit signaled Beijing's diminishing confidence in Pakistan's ability to check terrorists from crossing the border to the Chinese province of Xinjiang.


China gets first aircraft carrier as Japan spat grows

Posted: 25 Sep 2012 12:43 PM PDT

China on Tuesday commissioned its first aircraft carrier amid an escalating tussle with Japan over ownership of disputed islands.


Beijing customs stepped-up inspections of Japanese imports

Posted: 25 Sep 2012 02:16 PM PDT

Beijing, China – Japan's Kyodo News said on September 24, customs in Beijing will delay the clearance process of Japanese imports by air. Source said Beijing customs issued a notice to intensify inspection procedures of Japanese goods at Beijing International Airport. However, the spokesman of Chinese Foreign Ministry denied the news.

According to Kyodo News, many companies received notice said there is going to be delays on imports from Japan as the customs has more strict inspection procedures from Deptember 21. Some companies will expect a full inspection before release any goods. Tianjin Customs also tightened inspections of Japanese imports.

This is considered a move against Japanese government, when attempt to nationalize the Diaoyu Islands (known as Senkaku Islands in Japan). "Beijing customs left only a verbal statement to step up imports inspection as not to leave evidence behind," the article said.

On a press conference on September 24, the spokesman of Foreign Ministry said he was not aware of this situation, "The economic practices between China and Japan benefit both of our countries, while the Japanese government purchasing the islands illegally hurts our relations with each other. Japan must bear full responsibility." He said. FMN

What Wang Lijun's "Light" Sentence Means for Bo Xilai

Posted: 25 Sep 2012 08:25 AM PDT

Wang Lijun was sentenced to prison on Monday. He used to be the high-rolling police chief and vice mayor of Chongqing.

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