We have written often about China and the cronyism which seeps into every corner, every nook and cranny, of the Chinese economy. It is The Ultimate Crony Capitalist State.
How did you make your millions, Mr. Wen?
Since President Obama was re-elected, it can be said that the most important shift in political power for the world in 2012 happened in Beijing. (Of course we still have a month and a half.)