Apr 24, 2012

In China, relatives of Party officials build lucrative businesses on family contacts

In China, relatives of Party officials build lucrative businesses on family contacts:
HONG KONG — When Chinese authorities launched an investigation in 2006 into potential foreign currency violations by Beijing Henderson Properties, the real estate developer called in some curious outside help. It turned to a Chinese investment company with no evident expertise in currency regulations and to a murky Hong Kong foundation with no dis­cern­ible offices and no listed telephone number.
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