
Desmond Shum details his rise from an impoverished background to the peak of China’s billionaire class alongside his former wife, Whitney Duan. The narrative centers on the "guanxi" system, a network of social and political connections required to navigate the Chinese Communist Party’s elite circles. Shum describes specific high-stakes deals, including the development of a massive air cargo terminal at Beijing International Airport and the Bulgari Hotel. He explains how the couple leveraged relationships with the "red aristocracy," such as the family of former Premier Wen Jiabao, to bypass bureaucratic hurdles. The account concludes with Duan’s sudden 2017 disappearance during a state-led crackdown.
This book serves business professionals, political analysts, and readers interested in modern Chinese geopolitics. It provides a first-hand look at the internal mechanics of state capitalism and the inherent risks of accumulating wealth within a one-party system. Readers gain a clear understanding of the transactional nature of Chinese commerce and the lack of legal protection for private citizens when party interests shift. The text clarifies how state power can instantly dissolve personal fortunes and individual freedom regardless of professional status.
- Published
- 2022
- Publisher
- Simon and Schuster
- ISBN
- 9781982156169
- Language
- EN