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Beijing Power Struggle Sinks Red Princess’s HK Firm
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Beijing Power Struggle Sinks Red Princess’s HK Firm

Xi faces challenge from Shanghai Gang

Our Correspondent
Oct 29, 2021
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Beijing Power Struggle Sinks Red Princess’s HK Firm
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A property company controlled by a niece of former Chinese Vice President Zeng Qinghong is sinking deeper in default as the power struggle between Zeng (above, left) and Chinese President Xi Jinping intensifies.

The rivalry between Xi and his adversaries is heating up in the run-up to the sixth plenum of the Communist Party of China (CPC) to be held in B…

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