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 Beijing from November 8 to 11. It has grown so serious that Xi apparently declined the invitation to attend the Glasgow Climate Summit, the year’s most important such international…
Beijing Power Struggle Sinks Red Princess’s HK Firm
