East Asia Watch: Who wants to be a Chinese billionaire?

Plenty do but there is a price to be paid, as underscored by the recent fall from grace of retired property tycoon Ren Zhiqiang

ST ILLUSTRATION: MIEL

BEIJING • Last month, the Chinese Communist Party kicked out an outspoken critic and began looking into prosecuting him.

Nothing unusual in that, given the regular culling of troublesome party members, except the expelled party member was well-known retired property tycoon Ren Zhiqiang.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on August 25, 2020, with the headline 'Who wants to be a Chinese billionaire?'. Subscribe