# Xi Jinping is going after China's tycoons to save the economy

An episode of [Global Roaming with Geraldine Doogue and Hamish Macdonald](https://invisiblenetwork.ai/podcast/1725924485), 5 Oct 2026, 29 min.

Audio: https://mediacore-live-production.akamaized.net/audio/02/p4/Z/i6.mp3

China's ultra-rich have started quietly selling down stakes in their own companies ahead of a looming October 22 deadline that will close a decades-old tax loophole on offshore family trusts. Geraldine Doogue and Nick Bryant ask International Intrigue's Jeremy Dicker what's driving Xi Jinping's push to tax China's wealthy under the banner of "common prosperity," and what a historic property crash and hundreds of billions in capital flight reveal about the health of the world's second-largest economy. Plus: what this year's aviation awards reveal about the soft-power battle being waged in business class, and a cold war turns up the heat in South Korea after a landmine blast on the DMZ. Is North Korea to blame? Guest: Jeremy Dicker, managing editor, International IntrigueGet in touch: We'd love to hear from you! Email us at global.roaming@abc.net.au

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