How China’s ‘red aristocracy’ has sneaked its way into the heart of Britain’s financial powerhouses
Top communist party leaders in China are known as the ‘red aristocracy’, and, for all their professed belief in equality, they like to ensure a gold-plated future for their children. Hence the so-called ‘princelings’, who are placed in high-flying financial businesses in the West. For Western hedge funds, insurance companies, pension funds and banks, a … Read more