Friday, June 29, 2012

Investigative Report on Colossal Wealth of Family of China's President Designate

"Xi Jinping Millionaire Relations Reveal Fortunes of Elite"

Xi Jinping, the man in line to be China's next president, warned
officials on a 2004 anti-graft conference call: "Rein in your
spouses, children, relatives, friends and staff, and vow not to use
power for personal gain."

As Xi climbed the Communist Party ranks, his extended family
expanded their business interests to include minerals, real estate
and mobile-phone equipment, according to public documents compiled
by Bloomberg.

Those interests include investments in companies with total assets
of $376 million; an 18 percent indirect stake in a rare- earths
company with $1.73 billion in assets; and a $20.2 million holding
in a publicly traded technology company.

1 comment:

Charles L. said...

And apparenty, China Blocked Bloomberg's access just afterwards ...