D.卡尔顿 罗西
D. Carlton Rossi

The Entrepreneurs


                                                   WANG Gongquan

Outspoken Chinese Businessman Reappears After Long Hiatus

The Wall Street Journal

Apr 21, 2015

One of China’s best known and most politically outspoken businessmen has started appearing in public, a year and a half after his arrest sent chills through the ranks of the country’s liberal-minded business elite.

Wang Gongquan has taken pains to stay out of the public eye since he was released from police custody in January 2014 after admitting he helped finance protests linked to prominent legal activist Xu Zhiyong. But that now appears to have changed, with the venture capitalist venturing forth to speak on business topics.

“The first question an entrepreneur has to consider is, are you walking the correct road,” Phoenix quoted Mr. Wang as saying.

Mr. Wang might have been addressing the question of how to survive in such a political environment when he urged his audience to take the long view and be clear about bottom lines. “One important question is whether you can make sure your company never risks suddenly collapsing as the result of some unexpected problem,” he said.



                                              SUN Dawu

Chinese leaders face pressure for economic change

By Joe Mcdonald (Associated Press)

November 8, 2013

The leadership under President Xi Jinping that took power last year has issued a flurry of piecemeal changes including easing controls on bank lending and announcing a free-trade zone in Shanghai. But Beijing has yet to tackle fundamental reforms the World Bank and other advisers say are critical to keeping growth strong.

That would require politically difficult upheaval of a system that spent the past decade building up state-owned corporate giants in energy, finance and other industries. Their monopolies, access to low-cost credit and other privileges would have to be cut to improve conditions for private industry that creates China's new wealth and jobs.

"They have to make room for entrepreneurs," said Sun Dawu, chairman of a conglomerate with interests in agribusiness, education and food processing in Baoding, 150 kilometers (100 miles) southwest of Beijing.

Sun's career highlights the hurdles facing China's private business pioneers. Once lauded by the state press for his success, he received a suspended jail sentence in 2003 on charges of improperly raising money from investors after he was unable to get bank loans.

"The obstacles are systemic — the ideology of public ownership," Sun said. "They think state-owned companies are the foundation of the country's economy."

"The corporatization of China's state-owned sector created the powerful individual vested interests that oppose reform now," said Lombard Street researcher Diana Choyleva in a report.

In the '90s reforms, "China's politicians had much less to lose individually," said Choyleva. "This time around both their personal wealth and their own political power are on the line."


Note: The reporter is revisiting this issue after a decade. He wrote an important news report at the time of the trial in 2003.

The Lawyers