Weijian Shan is one of China’s most prominent financiers, leading one of Asia’s largest private equity firms, but he had an extraordinary start to his life. 45 years ago he was a penniless youth driven to work in the country’s Northwestern desert by China’s Cultural Revolution. He has written a book about his life – Out of the Gobi: My Story of China and America. He started the forced labour just after elementary school.
(Image: Cultural Revolution propaganda poster, Credit: Getty Images)

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“Weijian Shan grew up during the Cultural Revolution and spent his childhood in a hard labor camp. Today, he is chairman and CEO of PAG, a private equity firm and author of, “Out of the Gobi: My Story of China and America.” He reflects on the current tension between two schools of thought: One which seeks to move forward and abandon the system of party control over economic activity and the other that wants to hold onto the previous system of an active government presence in the economy.”

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