From tropical islands to the Great Plains, Chinese tycoons hunt around the world for the best places to stash their spoils.
Illustration by Robert Neubecker
About a year and a half ago, the sleepy state of South Dakota found itself rudely awoken by the global spotlight. In a filing for his Hong Kong-listed company, Sunac, Sun Hongbin, the Chinese real estate tycoon with a net worth around $10 billion, disclosed he had just transferred his shares to the South Dakota Trust Company. To the surprise of most analysts, a small, two-story brick building in downtown Sioux Falls was the proud custodian of a chunk of shares that is now worth more than $6 bill
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The recent conviction of Jimmy Lai, Hong Kong’s most famous dissident, on alleged national security offenses was the end of a process set in motion years ago by the Chinese Communist Party. Lai, who could have sought safety in another country, chose to stay and fight.
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An award-winning podcast about the world’s two superpowers, the two men in charge, and the vital issues that affect us all. Face-Off cuts through the noise for the real story, with essential historical context.
In this season, longtime foreign correspondent for The New York Times Jane Perlez and celebrated China historian Rana Mitter cover Xi at the negotiating table, Gen Z disillusionment, China’s military rise, Pacific tensions, tech advances, and soft power.
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