Having folded like a lawn chair over economic reforms, and instead done the exact opposite with a QE-lite, Xi Jinping is pressing ahead with his anti-graft, power-centric corruption probes. We recently introduced Zhou Yongkang, China’s ex-defense chief, whose net worth is estimated at a stunning $14 billion… but as The South China Morning Post exposes, his sprawling empire runs deep…
A look at the extensive business interests of Zhou Yongkang, after the former security chief was placed under formal investigation, shattering the decades-old political taboo of not prosecuting the highest ranking Communist Party officials for corruption.
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via Zero Hedge http://ift.tt/1o8O6Rz Tyler Durden