bank, banker, chinese banking history, chinese communist party, chinese communist policies, chinese economy, chinese history, chongqing, cultural revolution, impact of communism, kang xinru, mei feng bank, wealth and power in china
Kang Xinru was a prominent financial tycoon in the Republic of China. However, after 1949, he was gradually destroyed by the Chinese Communist Party (CCP), and in the end, he was left a pauper with only a few items left to his name. How did a prominent banker go from being a millionaire to a ...
After a massive crackdown on private enterprises, and the economy tumbling to its lowest point in more than three decades, the end of 2022 saw the Chinese Communist Party (CCP) changing its attitude toward private entrepreneurs, now seeming to favor them. In a surprising turn, Xi Jinping stated: “I have always supported private enterprises,” and “We have ...
