Heads Roll as China’s Financial Clampdown Continues
The widening of Xi Jinping’s anti-corruption drive is shaking industry and investor confidence.
Li Yunze, director of National Administration of Financial Regulation, speaks during the Lujiazui Forum in Shanghai, China, June 8, 2023. Credit: Qilai Shen/Bloomberg via Getty Images
For the 300 or so Wall Street bosses packed into the grand ballroom at Hong Kong’s Four Seasons Hotel this week, the message from China couldn’t have been more welcoming.
Addressing the room via a pre-recorded video link, Vice Premier He Lifeng, the country’s newly-minted economics czar stressed “China’s charm and Hong Kong’s charisma.” With the Chinese economy on track to meet its growth target this year, he urged the guests to “speak freely” and find solutions to global ch
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Not content to run the world’s second most powerful country for a decade, Xi Jinping set about changing everything everywhere all at once. In an excerpt from their new book, Steve Tsang and Olivia Cheung examine how Xi seized personal control of China’s foreign policy apparatuses.
The academic talks about whether China’s experience shows there can be such a thing as ‘good environmental authoritarianism’, and what the U.S. could learn from its approach to green policy.
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