As Xi climbed the Communist Party ranks, his extended family expanded their business interests to include minerals, real estate and mobile-phone equipment, according to public documents compiled by Bloomberg.
Those interests include investments in companies with total assets of $376 million; an 18 percent indirect stake in a rare- earths company with $1.73 billion in assets; and a $20.2 million holding in a publicly traded technology company. --
African autocrats absolutely adore China’s President Xi Jinping. At a meeting last month with 13 prominent African leaders in Durban, South Africa, Equatorial Guinea’s hard-fisted President Teodoro Obiang Nguema Mbasogo led the others in lavishing praise on China. The front page of the weekend China Daily for March 29 trumpeted their obsequieousness and China-Africa friendship.
None of Africa’s despots dare bite the hand that has fed so well, and so consistently. While Chinese support keeps rolling in, these leaders enrich themselves and their inner circles while their people go without.
China directly supports the leaders and enables their continued internal tyrannies by refusing to “interfere” in local politics, by willfully ignoring well-documented trails of human rights violations, by turning a blind eye to egregious corrupt practices, and by protecting presidents such as Zimbabwae’s Robert Mugabe and Sudan’s Omar al-Bashir when the UN or other regional organizations threaten to investigate their regimes. China has also helped to shield Bashir from the consequences of his indictment for war crimes by the International Criminal Court.
China has also provided weapons of war to enable Africa’s worst regimes to prey on their internal opponents. Chinese aircraft and ammunition were used by the Sudan against its opponents in Darfur and now in South Kordofan and Blue Nile. Zimbabwe received Chinese jets, uniforms for its army, a military staff training college constructed by Chinese labour, and material assistance when Mugabe’s military and family forcibly ousted artisanal miners from Zimbabwe’s lucrative Marange diamond fields.