The Curious Case of the Cyber-Based ‘New Federal State of China’
This essay examines the cyber-based ‘New Federal State of China’ (NFSC), a transnational movement founded by Chinese businessman and self-described billionaire-in-exile Guo Wengui in alliance with Donald Trump advisor Steve Bannon. Through a digital ethnography of the NFSC’s online ‘farms’, I trace how followers transform exile politics into affective labour—performing loyalty, investing money, and circulating belief as both moral capital and speculative value. The essay argues that the NFSC network exemplifies the logic of communicative and algorithmic capitalism, under which participation substitutes for transformation and faith becomes a fungible asset.












