Lessons for Jack Ma on doing the Party’s business, from Rong Yiren.
It was the spring of 1949, and Rong Yiren had reason to worry. Reportedly one of China’s 10 richest individuals, he hid with his wife and five children in a downstairs corridor of his mansion as the People’s Liberation Army swept through Shanghai and claimed it for the Chinese Communist Party. As a scion of China’s wealthiest industrial dynasty, Rong was at the mercy of Mao Zedong’s new regime, which promised to end capitalism.
But as the sun rose on May 25, the 33-year-old found hims
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
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Washington’s $370 billion Inflation Reduction Act was seen as a generational opportunity for miners in the U.S. as well as mineral rich trading partners. But almost two years later, the North American mining industry is in crisis and no closer to chipping away at China's dominance. What went wrong?
The academic explains why we need to look beyond the actions of the Chinese government to understand how and why China is shaping countries in the region.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.