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Xi Jinping’s True Intentions Behind the Redistribution of Wealth

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Xi Jinping’s True Intentions Behind the Redistribution of Wealth
Chinese leader Xi Jinping waves during a ceremony to mark the 100th anniversary of the founding of the Chinese Communist Party at Tiananmen Gate in Beijing on July 1, 2021. Ng Han Guan/AP Photo
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In recent years, Chinese leader Xi Jinping has gradually tightened control over private capital. State-owned enterprises took over countless private businesses amid a wave of bankruptcies and in a bid to redistribute wealth.

Haizhong Ning
Haizhong Ning
Author
Haizhong Ning was a state employee and worked for a real estate company in China, before moving abroad and working as a reporter with a focus on Chinese affairs and politics for more than seven years.
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