China's authorities have their own understanding of human and civil rights. They closely watch not only ordinary citizens but the wealthiest ones as well. If the government finds something out of order, it will file a lawsuit against a disobedient citizen.
Recently, the Chinese billionaire, head of the tourism and financial conglomerate HNA, Chen Feng, has found out how the local justice system works. He was banned by the court from spending money on a luxurious lifestyle due to the company's huge debts. Perhaps some people would argue that the government did the right thing. If someone cannot pay off its payrolls, they simply could not maintain a dolce vita lifestyle. Yet, in this case, it would be wiser to declare the company bankrupt, sell its property in order to pay off the debts. It is not democratic to encroach on the personal funds of the owner. However, China and democracy are the opposite terms. HNA has been experiencing hard times in recent years with the management betting on an aggressive expansion policy. The company has been buying up expensive real estate and stakes in companies such as the Hilton hotel chain, Deutsche Bank, and Virgin Australia airline over the years.
As a result, it has tens of billions of dollars in debt. The previously acquired assets are being sold off, and the Chinese authorities have decided to take the situation under its control. Presently, if Chen Feng wants to buy something, he must obtain a special permit.
