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Why China's Xi Jinping needs Jack Ma

GZERO World Clips

Why China's Xi Jinping needs Jack Ma

Jack Ma, the billionaire founder of tech giant Alibaba, was once synonymous with entrepreneurship in China. But in 2020, he disappeared from public view after criticizing the country’s financial system amid President Xi Jinping’s crackdown on the tech sector. Recently, however, it seems Jack Ma may be back in the Communist party’s good graces. On GZERO World, Ian Bremmer spoke with China analyst and Sinocism author Bill Bishop about the meaning behind Ma’s apparent reemergence and rehabilitation.

Chinese President Xi Jinping sits in front of large red flags with a neutral expression. Text art reads "GZERO World with Ian Bremmer – the podcast."

GZERO World with Ian Bremmer Podcast

Will America's global retreat open new doors for Beijing? Insights from Bill Bishop

Listen: In seven short weeks, the Trump administration has completely reshaped US foreign policy and upended trade alliances. Will China benefit from US retrenchment and increasing global uncertainty, or will its struggling economy hold it back? On the GZERO World Podcast, Bill Bishop, a China analyst and author of the Sinocism newsletter, joins Ian Bremmer for a wide-ranging conversation about China—its domestic priorities, global administration, and whether America’s retreat from global commitments is opening new doors for Beijing.

Gang members wait to be taken to their cell after 2000 gang members were transferred to the Terrorism Confinement Center, in Tecoluca, El Salvador. Handout distributed March 15, 2023.

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What We’re Watching: El Salvador’s lingering state of emergency, Northern Ireland on alert, Alibaba’s breakup, Greek election matters

El Salvador’s state of emergency one year later; Fears of domestic terror attack in Northern Ireland; Alibaba breaks up … itself; Greek PM calls spring election

Nicholas Thompson on China's tech U-turn

GZERO World Clips

Nicholas Thompson on China's tech U-turn

Six months ago, China's tech giants were champions of the state, working with the government to conquer US Big Tech. But then Xi Jinping started cracking down, and a trillion dollars in their market value is gone. Huh? For Nicholas Thompson, CEO of The Atlantic and former editor-in-chief of WIRED, it makes sense for Xi to go after cryptocurrencies to ensure they don't replace the yuan. But going after national tech champions, he says, could be fool's errand because it's inevitable they'll someday become more powerful than the state itself.

Will China's tech sector be held back?

Will China's tech sector be held back?

Ian Bremmer's Quick Take: I thought I would talk a little bit about what's happening between the Chinese and the Americans on tech. In particular, I think it's quite important that the Chinese government and their regulatory authority on cyberspace, the Cyberspace Administration of China, the CAC, has been focusing a cybersecurity probe on Chinese companies that have recently listed in the United States.