Xi Jinping Controls Private Industry in China | Zooming In China

Billionaire investor George Soros, a frequent critic of Xi Jinping’s regime, spoke out again on Monday, charging mutual fund giant BlackRock with misunderstanding China under Xi’s rule and risking their clients’ money and US national security in the process. At the heart of that misunderstanding is BlackRock’s belief that there is a fundamental difference between state-owned and private industry within China, but following crackdowns on Jack Ma and Alibaba, Didi and other Chinese companies listing on American stock exchanges, and tech giants like Tencent, that is no longer the case. As crackdowns now spill into other industries, including education and entertainment, and as Xi increases the pace of his march toward dictatorship, questions of whether any company in China is free from CCP control and just how deep American investments in China should be are more pressing than ever.

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Zooming In is a weekly in-depth/investigative report program hosted by the award-winning journalist Simone Gao. Zooming In focuses on US-China relations, American tradition and values, and critical questions that America faces today. It is known for never shunning tough, controversial issues or complex stories. Exclusive interviews and reports from China, insight from top experts on US and China, good storytelling, and engaging visual presentations make Zooming In one of a kind.
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