Monday, January 30, 2012

China's 'black collar class' unmasked: The ten most powerful business chiefs who are poised to take over the world

They're known as the 'black collar class'.

They dress in dark suits, drive black limousines and have rumoured links to 'black societies' from the underworld.

Until now these shadowy mandarins leading the charge of China's thundering economy have remained hidden.

But after a groundbreaking report, the ten most powerful bosses behind China's terrifying brand of state capitalism have been unmasked.

They include business dynasties that have ruled firms for decades, according to reports from the Brookings Institution, specialist Chinese publications and the Sunday Times.

These 'red dragons' are now set to become as powerful as the Chinese military, provincial leaders and government ministers.

Between them they control the majority of the Chinese economy, where corruption and vested interests are hidden behind a cloak of secrecy.

And with the rest of the world teetering on bankruptcy, these unstoppable bosses are poised to take take over a string of Western companies.

Zhang Qingwei
Qingwei was the former boss of the Commercial Aircraft Corporation of China (Comac).

Wang Jianzhou
Anybody who has used a mobile phone in China will have used Jianzhou's company - China Mobile. The mobile phone network is the largest and most powerful in the world, with an estimated 650million subscribers.

Li Xiaolin
With her delicate features, short hair and red lipstick, Li Xiaolin could be any other Chinese housewife.

But Xiaolin is in fact one of the most powerful women in China.
Xiaolin comes from the Li Family, a dynasty that 'controls all electric power interests', according to U.S. diplomatic cables. Read More