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How China’s economic revolution created billionaires overnight

18 September 2021

9:00 AM

18 September 2021

9:00 AM

Red Roulette: An Insider’s Story of Wealth, Power, Corruption and Vengeance in Today’s China Desmond Shum

Simon & Schuster, pp.320, 20

In the winter of 1992, the retired octogenarian Deng Xiaoping toured China’s southern coasts. From there he gave a spirited warning to his communist successors: ‘Whoever doesn’t reform will have to step down! We must let some people get rich first!’

These words were the starting-gun for the country’s opening, and its intense economic reform.

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