Politicians, RSF support HK freedom, democracy taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Why Did Xi Jinping Purge Jack Ma?
Commentary
Jack Ma, now China’s fourth-richest man and the former CEO of Chinese e-commerce giant Alibaba, criticized China’s financial system policies at the Bund Summit 2020 in October. Since then, his enterprises have become the target of Xi Jinping.
At first, the listing plan for Ant Group, an affiliate company of Alibaba, was halted on Nov. 3. On April 10 this year, the Alibaba Group was fined $2.8 billion on the grounds that it violated an antitrust law, and Ma’s elite business school, Hupan University, was forced to halt enrolments.
I don’t think Ma’s troubles are over.
Chung Sung-Jun/Getty Images
The sanctions come just ahead of the first face-to-face talks between China and the United States since President Joe Biden took office perhaps an early signal that the tensions built up over the previous administration aren’t likely to disappear.
The US imposed these sanctions in the wake of China’s most recent crackdown on Hong Kong’s democracy and freedoms. Last week, the Chinese government agreed to new electoral rules in its rubber-stamp parliament, changes that attempt to stamp out the territory’s pro-democracy opposition and guarantee that pro-Beijing “patriots” consolidate power there.
Among those targeted with sanctions are high-ranking officials in the National People’s Congress Standing Committee and officials in the Hong Kong Police Force’s National Security Division and the Hong Kong and Macau Affairs Office.
US sanctions Chinese officials over the latest crackdown on Hong Kong s democracy msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
BEIJING: China's plans for electoral reform in Hong Kong, coupled with the imposition of a security law, amount to a "combination of punches" to quell unrest in the southern city, a top Beijing official said Friday.