Photo: (Photo by Bob Chamberlin-Pool/Getty Images)
China has blocked access to Bloomberg’s website after the site reported on the assets of Xi Jinping and his relatives. Bloomberg reported that Xi’s extended family is worth $376 million, but no assets were traced to Xi, his wife, or his daughter.
The government is obviously very sensitive to this type of news in a year of leadership transition:
“The government has always been very careful in, on the one hand, emphasising how they want to contain corruption but yet also worrying about how reports of this nature might galvanize public opinion against the Communist Party,” said Dali Yang, a political scientist at University of Chicago centre in Beijing.
Bloomberg was sure to mention that there was no record of any wrongdoing, but the site remains blocked in mainland China.
The Sydney Morning Herald is reporting that his siblings’ fortune may be well over $1 billion.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.