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Return of political commissar

How Xi Jinping is putting the Party back into business

Illustration by Binay Sinha
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Illustration by Binay Sinha

Nitin Pai
A couple of years ago, top executives of a mid-sized Western multinational found themselves in Beijing attending a strategy meeting of their Chinese subsidiary. After they covered the listed agenda, they found their local CEO cribbing about their Indian operation and how his Indian counterpart was dropping the ball, missing business opportunities and suchlike. The visiting executives thought this was the usual office politics until they found that two others joined in. The Chinese were effectively demanding that global corporation shift the entire Asian business out of their Indian operation and move it to China.

All this might appear par
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