by The Coalition to Investigate the Persecution of Falun Gong (CIPFG)-

Introduction

“When you come to the Olympic Games in Beijing, you will see skyscrapers, spacious streets, modern stadiums and enthusiastic people. You will see the truth, but not the whole truth…. You may not know that the flowers, smiles, harmony and prosperity are built on a base of grievances, tears, imprisonment, torture and blood.”

– Open letter by prominent Chinese rights defenders Hu Jia and Teng Biao, September 2007.

When 25,000 reporters arrive in China to cover the Olympic Games, enthusiastic youngsters, glittering venues, primly trimmed parks and state-of-the-art subways will leave a strong impression. As Hu Jia and Teng Biao note above, however, there is another side to the “New China” that the Chinese Communist Party is much less keen on showcasing to the international community.

It is a China of electric cattle prods, of 18 hour work days, of unspeakable torture and humiliation, of religious believers forced to endure endless hours of “thought reform.” It is a China of “re-education through labor” (RTL) camps.

It is this China, its daily reality to millions of Chinese, and its incongruity with Olympic ideals of human dignity, peace, and non-discrimination, that this modest booklet seeks to bring forth.......

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The third step is the bargain purchase, that is, using a very low price or even a zero price to buy out the core industries or the leading companies in various sectors. Foreign investment in China has already caused the proportion of the local manufacturing industry to drop to 26.5% in added value. Also the purchase price is so low that it is far below the asset purchase price after the Great Depression. The purchase price is less than 5% of the value of the assets if purchased on the open market. For example, strong domestic banking networks support the fund management companies linked to banks. They sold 1/3 of their stock at the price of 1 yuan per share to the foreign investment companies. The foreign investment companies invested only tens of millions of yuan. After one year, without including the increase in capital, just the annual profit was over hundreds of millions of yuan.