Assignment: China - Follow the Money
The final episode of Assignment China, "Follow the Money" focuses on the behind-the-scenes story of the journalists who during 2012 conducted ground-breaking investigations about China's nouveau riche, and the dramatic, controversial, and often frightening consequences.
In many decades of western news coverage of China, 2012 was a watershed moment. In the space of just a few months, a Bloomberg News team headed by correspondent Michael Forsythe publishing a sweeping expose of how relatives of China’s new leader, Xi Jinping, has earned vast fortunes in a variety of often disguised business deals. Soon after, David Barboza of the New York Times published his own revelations of the wealth accumulated by the relatives of Chinese premier Wen Jiabao.
Both stories broke new ground, not only in terms of what they revealed about China’s new rich- but also as examples of a new kind of investigative journalism that has become increasingly important for covering a rapidly changing China. The correspondents took advantage of China’s evolution towards a more open, internationally engaged, market-style economy to unravel a series of complex, opaque, often hidden set of business dealings reaching to the highest levels in the People’s Republic.
This video is also available on the USCI YouTube Channel.
Leta Hong Fincher
Assignment: China is a signature project of the USC U.S.-China Institute. Most Americans continue to learn about China primarily through the media and we feel that it is vital to understand the process by which news about China is gathered and shared. Mike Chinoy, USCI senior fellow, reports the series which is filmed and edited by Craig Stubing. Clayton Dube conceived of the project and oversees it. Many students and volunteers assist with research, transcription, and translation.
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