East Asia Watch: Who wants to be a Chinese billionaire?

East Asia Watch: Who wants to be a Chinese billionaire?

  • Plenty do but there is a price to be paid, as underscored by the recent fall from grace of retired property tycoon Ren Zhiqiang

BEIJING – Last month, the Chinese Communist Party kicked out an outspoken critic and began looking into prosecuting him.

Nothing unusual in that, given the regular culling of troublesome party members, except the expelled party member was well-known retired property tycoon Ren Zhiqiang.