China Has Evergrande, And Its Billionaire Founder, Under Control

Everything at China Evergrande is under control. Including billionaire chairman Hui Ka Yan. Hui, media reports suggested Wednesday, was "taken away" by Xi Jinping's police at some point this month. He's not under arrest. Rather, he's under "police control." I imagine that's a distinction without a difference to Hui. He was taken to an undisclosed location, where he's obliged to stay. He can't talk to anyone unless he gets permission first. Again: It's not a formal arrest, and he hasn't been

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3 thoughts on “China Has Evergrande, And Its Billionaire Founder, Under Control

  1. I wonder if Xi learned residential surveillance techniques from MBS. As I remember he kidnapped all the fat cats in the kingdom and stashed them in that five-star hotel until they toed the line and made large cash contributions to the treasury.

    1. In my experience, Chinese-style cleavers are much better at cutting through bones than bone saws, and arguably less messy, although that is probably only relevant if you intend to eat what you cut.

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