Commercial terrorism in China
Trip Start Jan 30, 2007
632Trip End Dec 31, 2011
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But some people take huge risks. Sometimes the rewards are great. But to get the reward you have to suffer a little.
Like the government and business people of Inner Mongolia's Hohhot, who blew up two large buildings because a Hong Kong businessman was going to build the tallest building in western China.
Turned out he was a carpenter from another part of China, and he'd already defrauded other places.
"An 8-story municipal government office building and an 11-story PSB office building, were demolished to make room for the "Golden Eagle International CBD Center," a skyscraper that would soar 169 meters into the air, making it the tallest building in western China.The "Golden Eagle" building turned out to be a scam masterminded by Wang Xiniu, known at the time as Zheng Ze, the president of a Hong Kong company called the Golden Eagle Group.
From the beginning, Wang carefully manipulated his image and won the trust of the local government. Reports say that Wang was often seen in his Cadillac limousine accompanied by eight body guards wearing black suits and sun glasses. Wang was also seen by many as generous philanthropist, as he was reported to have donated two million yuan to help the poor in a county in Sichuan Province.
Wang explained his strategy in a few choice quotes:
"Get in good with big leaders, hold up big banners, and make big money."
"Archimedes said that if you gave him a pivot point he could move the Earth. My law is this: Find out a leader's weak point, and I can unsettle a city."