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Zhang Xin: China's real estate mogul

March 3, 2013 4:00 PM

How did Zhang Xin go from working in a sweatshop to being a billionaire real estate developer? Lesley Stahl reports.

Zhang Xin: China's real estate mogul

60 Minutes OverTimeDid she really just say that? Xin on democracy

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by Cabarell March 31, 2013 11:31 PM EDT
I wish she'd stop pandering to the western media-- everytime she gets interviewed by the western press, she has always tried to charm and make a false impression on them by mentioning democracy. She wouldn't be talking about democracy if she's assembling an iPhone 6 for Terry Gou on the factory floor of Foxconn right now!!The #1 thing Chinese people crave for is money, OK! It is no difference whether it is China, Chile, or Cambodia. What is democracy if you don't have basic food and shelter? Stop fooling others and trying to impress the western media!
The other great irony of this interview is that she and her husband are the direct beneficiaries of a new economic policy, whereby developers have benefited enormously from the policies of the government. It surely wouldn't have been possible to be an overnight billionaire if everything was so transparent. So why is she railing against the very system that has made her fabulously wealthy? It is only to cozy up to the western media by pressing all the "right" buttons, right Leslie? I wish you had asked her all the tough questions, instead of portraying her as an intellectually sophisticated, glammed up wealthy Barbie doll.
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by CALLYOUROWNSHOTS- March 6, 2013 2:53 PM EST
THIS TIME I AM GONNA CALL MYOWN SHOTS
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by Pronghorn67 March 6, 2013 6:58 AM EST
This story is a joke. Why wasn't Zhang Xin challenged about paying her employees .60/ hour while she has over $3 billion in the bank? It is easy for Ms. Xin to state how she longs for Democracy while not paying her employees a living wage. If Ms. Xin truly believes in democracy than she could very easily demonstrate it by providing her employees with western like wages and benefits. If Zhang did this she would be a beacon of hope in a country where housing sits empty because the average person can not afford it.

In addition how does a regular Chinese woman end up in one of the best schools in the west? Too many gaps in this story to be credible.
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by peakarach March 5, 2013 4:00 AM EST
the West was used to be very goood but not anymore.
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by maxmate March 4, 2013 7:19 PM EST
Yes! fascinating story about Xin, her husband, and the most fabulous architecture. Amazing and inspiring. Mentioned but not so interesting or important? The impending crash of the Chinese economy, the conniving double-cross of the middle class, the huge cheap impoverished labor force. A spin-chilling similarity to the building of the pyramids - slave labor to build monuments and wealth for the elite. Perhaps like Xin, the poor will be sleeping on desks in those offices rather than living in homes. When the global economy finally crashes and there is no bail out or middle class to steal from - thank you smart, driven, clever rich corporate elite - we'll tune into 60 Minutes and see what clues there are to what will happen next!
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by hjp33 March 4, 2013 2:07 PM EST
What a remarkably intelligent, appealing and lovely woman. And what a great story for anyone, of either sex and of any background, to emulate.
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by BobbyFletcher March 4, 2013 11:53 AM EST
Regarding the "ghost city" story, CBS should've visited one of the ghost city that was reported on couple years ago. Zhengzhou New District is now full of people.
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by es1128 March 4, 2013 11:34 AM EST
I just want to clarify a position: There is nothing wrong with stripping.
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by es1128 March 4, 2013 11:30 AM EST
I thought your profile on Zhang Xin was inspiring and fascinating to hear... until you totally GLOSSED OVER how she went from sitting on her luggage crying in London to, BOOM, got a bunch of degrees and was on her way up. That wasn't very good journalism. How did she get to go to school? Did she have a benefactor? Where did she live? Was she in debt? The story of how she went from rags to riches is where the meat of the story was. You skipped too much. The only thing I can think of is that the subject herself requested some censorship. (Did she strip or something?!)
Sincerely,
Very Disappointed "60 Minutes" fan.
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