Foreign Relations & International Law

ChinaTalk: Red Roulette: It Sucks to be a Chinese Billionaire

Jordan Schneider
Wednesday, November 10, 2021, 10:49 AM

Published by The Lawfare Institute
in Cooperation With

Red Roulette, Desmond Shum’s memoir of a fast life, deep in the bowels of Chinese politics, is the bombshell China book of 2021. It tells the story of his rise from an impoverished childhood in cultural revolution-era Shanghai and Hong Kong to his marriage to his social climbing wife with ties to the premier of China, and ultimate downfall as Xi’s anti-corruption push caught up with him.

New York Times reporter Mike Forsythe (@PekingMike) and Lizzi C Lee (@wstv_lizzi), a journalist at the independent Chinese outlet Wall St TV, join me to discuss. We get into:

  • Corruption crackdowns under Xi Jinping
  • Western reporters reporting on China
  • The not-so-well-hidden fortunes of Politburo members
  • The dietary habits of traveling Chinese officials

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Jordan Schneider is the host of the ChinaTalk podcast and newsletter. He previously worked at Kwai, Bridgewater and the Eurasia Group. His Chinese landscape paintings "show promise."

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