Friday, June 29, 2012

China's incoming president Xi Jinping's family 'has wealth of hundreds of millions'

The family of China's next president has amassed a fortune running into hundreds of millions of pounds, according to a hugely damaging new report.

The revelation comes as the Communist party faces increasingly difficult questions about how its leaders, who are paid ministerial salaries of just £8,000-a-year, live such gilded lives.

Xi Jinping, who turns 59 this month, is all but certain to be unveiled later this year as China's next paramount leader.

Mr Xi has carefully fostered a reputation for clean government, and there is no evidence that he has a personal fortune. Chinese officials are forbidden from accumulating significant wealth.

 However, his daughter Xi Mingze studies at Harvard University under a pseudonym and an investigation by Bloomberg revealed yesterday that Mr Xi's other relatives have built an enormous empire. Full story...

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