Why a Chinese Billionaire Is Jailed for 18 Years


You might think that picking quarrels and provoking trouble is a bad character trait. But in China, it's a charge often used against activists and has been again to devastating effect. Shindo, who is a prominent billionaire, and he has been found guilty of the aforementioned behavior for which he has been sentenced to 18 years in prison. This is the latest in a string of punishments against outspoken corporate bosses. Let's talk about this brand of authoritarian capitalism with Professor Steve Sang, who is director of the China Institute at the University of London. Welcome to the program. Let's hear a little bit more about this man first, who who started out with 50 pigs in 1000 chickens and went on to employ many thousands of people is an agricultural entrepreneur. You're absolutely right. He is one of those really impressive Chinese entrepreneurs. And unusually, he is an entrepreneur with a big heart. So, yes, he made a fortune in agri business. He, in effect created a small tongue of his business, where he generally advertised that he is treating his people very well, indeed. And none of that seemed to upset the Chinese authorities for some time, Indeed, they were quite pleased with him. What was it was it his big heart that led him to fall foul of the authorities? Well, his big heart certainly can be a bit of a problem. And of course, Mr Son is also a Communist Party member. Now what has change is not so much how Mr Son is behaving. But how the Communist Party itself is changed. Before she Jinping. They even at different stages, put him as put Mr Shin out assets as an example of how Chinese capitalists are behaving.

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