ChinaTalk Red Roulette: It Sucks to be a Chinese Billionaire
Oct 26, 2021
Mike Forsythe, a New York Times reporter known for his expertise in investigating China's financial intricacies, joins Lizzi C Lee, a journalist at Wall St TV with a keen eye on Chinese affairs. They delve into the gripping narrative of Desmond Shum's memoir, highlighting Xi Jinping's drama-filled anti-corruption campaign and the hidden wealth of Politburo members. The guests also shed light on the challenges Western and Chinese journalists face, and even touch on the peculiar eating habits of Chinese officials while traveling.
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Bleak Billionaire Life
- Desmond Shum's trips to Italy with Chinese officials were not enjoyable.
- He had to forego croissants for congee and instant noodles due to their preferences.
Failed Evangelists
- Desmond Shum, like many wealthy Chinese with Western educations, saw themselves as reform evangelists.
- They believed in market reform and democracy, hoping to influence the CCP.
Interactions with Elites
- Desmond Shum interacted with prominent figures like Xi Jinping and Wang Qishan.
- His characterizations of them offer insights into their personalities and power dynamics.
