According to China Times, when Yu was sentenced last year to 13 years in jail for accepting bribes of 3 million yuan (US$480,000), he said in a statement that “an official will be sneered at as a freak if he refuses to take money.”
- Receive premium content!
Top Stories
- Opinion: The Brazil Industry Problem
- Europe dominates FDI into Brazil; Beware of Spanish crisis contagion…
- Top 30: Here are the Latin American public companies that booked the largest losses in 2011
- “A major housing bubble in Canada may cause international distress,” says Neville Bennett
- Beware commodity investors: Morgan Stanley’s Sharma says “commodity.com” could cause “the next global crash”
- Capital Economics says “Brazil property market is overvalued by 50%” but “the housing bubble will deflate slowly”
- Opinion: Here is what 8 economists have to say about Brazil’s protectionist policies
- Time to Sell! World’s “worst stock picker” Carl Icahn buys into Brazilian mining company
- Krugman says Brazilian Real appreciation is not due to “currency wars” and that “shouting at developed countries” will not solve it
- An interview with Brazilian Bubble, by Rachel Glickhouse
- Property developer Lider files for Chapter 11 protection and seems to be the first casualty of Brazil’s real estate bubble
- Top Ten: Forbes puts Petrobras as the 10th largest company on the planet
- Santander in Brazil for sale; Bradesco and Banco do Brasil are potential acquirers
- Janus Capital says the miracle is not over: “Brazil’s future remains bright”
- Productivity gains in the last 30 years: China (+808%) vs. Brazil (-15%)
- Rank Chart: Productivity by country… Brazil ranks 15th out of 17 LatAm countries
- Top Ten: Brazil’s Richest People
- IMF’s (Lousy?) Predictions: Brazil to fall back to 7th largest economy in 2012