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


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.

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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