China Readings for November 27th

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  • A Home Fit for a Princeling – WSJ.com – Besides cuddly koalas and the Sydney Opera House, Australia's biggest city now has another draw for Chinese tourists: driving by the $32.4 million property owned by a son of a former vice president of China.

    Nestled high on a hill, above a towering sandstone wall and overlooking Sydney Harbor, the 100-year-old residence boasts some of the best views in the Emerald City. The street, Wolseley Road, was ranked the ninth most expensive in the world in a survey by Financial News.

    Zeng Wei, the 43-year-old son of Zeng Qinghong, once one of the most powerful men in the Chinese Communist Party, bought the property with his wife, Jiang Mei

  • China’s ‘Princelings’ Pose Issue for Party – WSJ.com – One evening early this year, a red Ferrari pulled up at the U.S. ambassador's residence in Beijing, and the son of one of China's top leaders stepped out, dressed in a tuxedo.

    Bo Guagua, 23, was expected. He had a dinner appointment with a daughter of the then-ambassador, Jon Huntsman.

    The car, though, was a surprise. The driver's father, Bo Xilai, was in the midst of a controversial campaign to revive the spirit of Mao Zedong through mass renditions of old revolutionary anthems, known as "red singing."

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