Struggle between Chinese business community and Chinese regime?
China launched a major anti-corruption campaign in 2012, against the Chinese business community, after President Xi Jinping became head of the Communist Party. In practice, allegations of corruption are suspected of serving to eliminate those who oppose Xi’s line.
In September, real estate businessman Ren Zhiqiang was sentenced to 18 years in prison for criticizing the way the Chinese government handled the pandemic in Wuhan. The formal charge was corruption.
Death has also been used as punishment against the Chinese business community. This month, Lai Xiaomin, the former head of financial conglomerate China Huarong, was sentenced to death, once again on corruption charges.
In 2015, Guo Guangchang, founder of Fosun International and considered the “Chinese Warren Buffett”, was absent for five days. His company also suspended its listing on the stock market. It later emerged that he had been arrested in the framework of an anti-corruption operation. He was finally released and limited himself to pointing out that he had cooperated with the authorities on a “sensitive” matter.
The regime has been accused of having the common practice of making people of the Chinese business community disappear. Guo Wengui, a Chinese billionaire who is considered corrupt by Beijing, today lives as a refugee in New York. He claims that he was imprisoned, tortured and the Chinese government tried to kidnap and kill him for refusing to share profits with the government. He points out that people close to him have been jailed.
All of this and more, seems to indicate that there definitely is a struggle between the Chinese business community and the Chinese regime!