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Don Weinland

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  1. The Economist8 min

    Why are so many Chinese bosses disappearing?

    Don Weinland, Rosie Blau, Rosie Bloor

    China's "Liu Zhi" extra-judicial detention system, which allows the anti-corruption agency to hold individuals without court oversight for renewable eight-month cycles, has expanded from government officials to include private sector leaders. This mechanism has contributed to a projected record of one million corruption cases by 2024, with local authorities increasingly conducting cross-border "deep sea fishing" operations to seize assets from business networks connected to high-ranking probes. The resulting economic pressure has degraded business sentiment, added 200,000 individuals to credit blacklists, and triggered five high-profile suicides among entrepreneurs despite official efforts to signal private sector support.

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