Business Daily
Business Daily meets: Desmond Shum
Sep 12, 2023
Desmond Shum, Chinese property tycoon and multi-millionaire, shares his extraordinary account of business life in China, including the abduction of his ex-wife by the Chinese state. He discusses the rotten state of the current Chinese economy and the role of political approvals and corruption in business growth. The podcast also explores corruption, privileged lifestyles of senior party officials, and the impact of publishing his book 'Red Roulette' on China.
18:19
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Quick takeaways
- Connections with party officials are crucial for success in the Chinese business environment.
- Desmond Shum believes that fundamental changes, including empowering the middle class and private entrepreneurs, are needed to revive China's economy.
Deep dives
Desmond Schum's Rise in China
Desmond Schum, a Chinese multimillionaire, shares his remarkable story of success in China's modern economy. With political connections and the country's rapid growth, Schum achieved great financial success in various ventures, including insurance and real estate.
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