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China Daily, July 11, 2018. Sit Tsui is an associate professor of the Rural Reconstruction Institute at Southwest University in Chongqing, China. He Zhixiong is a researcher officer at the Centre for Cultural Research and Development of Lingnan University in Hong Kong, China. Yan Xiaohui is a researcher officer at the Centre for Cultural Research and Development of Lingnan University in Hong Kong, China. People’s Lives and Property Confronting the triple trap of the COVID-19 pandemic, economic downturn, and ecological crisis, the Chinese leadership has reiterated that “China puts the people’s interests first nothing is more precious than people’s lives.” This kind of people-centered governance philosophy is ostensibly meant to protect the lives and health of the people, while defending people’s property under the basic system of collective ownership. Since 1949, China has struggled to maintain its national sovereignty over land resources and the financial s ....
How China Lost Patience With Jack Ma, Its Loudest Billionaire How China Lost Patience With Jack Ma, Its Loudest Billionaire Jack Ma, a co-founder of e-commerce behemoth Alibaba Group Holding Ltd., China s largest company, told the audience that day at the Bund Summit that he was torn about speaking, but felt this was a most critical moment in the development of finance. Jack Ma s spectacular fall from grace has been years in the making. Highlights His empire has been under regulatory scrutiny At Alibaba, executives are dealing with the antitrust legislation When Jack Ma took to a Shanghai conference stage in October, China s most famous entrepreneur was on the brink of pulling off an unprecedented $35 billion initial public offering for the finance juggernaut he co-founded two decades earlier. Ant Group Co. s listing would value the company at more than $300 billion and swell Ma s own fortune beyond its already blistering $61 billion, cementing h ....