Wealth Flaunting Incident Reveals Family Nature of CCP State Enterprises

Wealth Flaunting Incident Reveals Family Nature of CCP State Enterprises
This photo, posted on the internet in Beijing on July 5, shows Guo Meimei posing with one of her many designer handbags during a flight. STR/AFP/Getty Images
Jennifer Bateman
Updated:

A recent wealth flaunting incident by a state-owned enterprise (SOE) employee, which has been a hot topic on the Chinese internet, has unexpectedly brought to light the underlying institutional corruption in the CCP.

The young man in the spotlight was Zhou Jie. On July 25, someone broke the story that Zhou had posted messages on Wechat Moments between 2019 and 2021 showing off his wealth and extensive contacts in local political and business circles, even though he was an ordinary employee of State-owned Capital Operation Holding Group in eastern China’s Jiangxi Province.

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