Caijing’s Professional Pride

The first issue of Caijing published an influential report: who is responsible for Qionmin Yuan (琼民源)? [For the Qiongminyuan case, see second paragraph, Caijing’s “About Us”] It was one of the critical reports people talked about. Next, Caijing exposed many cases of stock market manipulation, and other problems of economic concern, such as the Junan scandal [1996/1998, the case of Zhang Guoqing], shady funds, the Guangxia Trap, […] and so on. Of course, there was a lot of pressure, also from interest groups. The right of the public to be informed is much greater than any historic mission the interest groups may claim to have.

Reportedly from an article written by Hu Shuli, Caijing Magazine’s (财经) incumbent editor-in-chief, originally published by China News Weekly (中国新闻周刊), October 9, 2009

In a land where independent journalism is rare, Caijing is known for exclusive reporting. Its first cover story focused on Qiong Min Yuan, a real estate company that lied about its profits. The company was penalized for insider trading, but not before 50,000 small investors lost millions of dollars. The story was swept under the rug by China’s official media. Only Caijing dared to break the silence.

Caijing Magazine website, “About Us”.

Related:
Resignations at Caijing Magazine, October 13, 2009
Reform without Zijiren, October 5, 2009

Yuan Weijing: A Few Words about a Long Story of Abuse

Chen Guangcheng (陈光诚), an activist and advisor on legal affairs for “common people”, was sentenced to four years and three months in 2006, apparently for “destruction of property and assembling a crowd to disrupt traffic”. On the occasion of the 26th Interntional Day of the Blind, Chen’s wife Yuan Weijing – her husband is blind – wrote a letter describing her husband’s current life, and her own.

Under the Jacaranda has posted an English translation of her letter, and a link to the Chinese original.