While I certainly wouldn't disagree that entrepreneurs can't make money in China without at least tacit support of government heavyweights, the private businesses that get people on the Forbes 400 China Rich List are horses of a different colour than the sleepy state-owned enterprises.
Here is Forbes' take on Shagang Group's Chairman Shen Wenrong:
(List #) 24
(Name) Shen Wenrong
(Net worth, US$m) $1,000
(Age) 62
(Business) Shagang Group
Former steelworker built Jiangsu Shagang into one of country's largest steelmakers. Looking to lock in raw materials, Shagang agreed to take a 45% stake in Australian iron ore prospector Grange Resources by merging it with its Australian iron ore unit, Australian Bulk Minerals. Shen is vice chairman of the China Iron & Steel Association and a member of the 17th National People's Congress.
grr sp breakout imminent, page-4
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