Xi Upends the Secretive World of $10,000-an-Hour China Experts
- Expert networks are a key tool for foreign investors in China
- Once-praised industry seen as a threat to national security
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Private conversations with corporate insiders and ex-government officials that cost upwards of $10,000 an hour. Coded language and blurred regulatory lines.
For hedge funds and other global investors, China’s vast web of “expert networks” has become a key tool for navigating an opaque but potentially lucrative economic powerhouse. For Xi Jinping’s Communist Party, the secretive industry represents something far more ominous: a threat to national security that must be reined in.