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Apr 23, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: In China, relatives of Party officials build lucrative businesses on family contacts

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
In China, relatives of Party officials build lucrative businesses on family contacts
Apr 24th 2012, 02:23

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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