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Archive for the tag “Eight Immortals”

Mapping China’s Red Nobility: Bloomberg

Bloomberg News mapped the families of Communist China’s “Eight Immortals” to reveal the origins of princelings, an elite class that has been able to amass wealth and influence, and exploit opportunities unavailable to most Chinese. Bloomberg tracked 103 people – descendants including children, grandchildren and great grandchildren, and their respective spouses. The Immortals, now all dead, are revered in communist lore as revolutionary fighters who led China’s economic opening after Mao Zedong’s death. The identities and business dealings of these families are often cloaked in secrecy because of state censorship and complex corporate webs.

Read Here – Bloomberg

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