# China Subsidies

The Subsidy King’s Fall: Why the Detention of Sanan Optoelectronics’ Founder Rattles China’s Tech Giants

Lin Xiucheng, the founder of Sanan Optoelectronics and Xiamen's former richest man, has been detained following the investigation of a high-ranking official. His company, known as the 'Subsidy King' for receiving 11 billion RMB in state aid, now faces its first major losses as the model of political-commercial linkage unravels.