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"He could have stayed in Beijing and given his background he could have chosen any job," said Gao Zhikai, who was the personal translator to Deng Xiaoping, the former Chinese leader.
The family's interests include a 1.83 billion yuan (£188 million) share of the assets of Shenzhen Yuanwei, a property investment company, according to a filing from December 2011.
Other companies in the same group, wholly owned by the family, have assets of at least 539.3 million yuan.
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Indeed, he seems to have charted a near perfect trajectory as he rose through the Party.
The 'unassuming' only daughter of Chinese President Xi Jinpingi, who is also the leader of the Communist Party, lived in a Harvard University dorm under a pseudonym while surrounded by a phalanx of 'Chinese students' who are part of her around-the-clock security detail, said the source.
Friends at Harvard say she devotes herself to her courses, which include political studies.
However, a brother-in-law, Wu Long, ran New Postcom Equipment Co, which has won hundreds of millions of yuan in contracts from state-owned China Mobile.
Much about Xi Mingze has been kept a secret to Chinese and foreign media but she is believed to be a student at Harvard University now and there were reports that she would travel to her homeland to meet Mrs Obama, her mother and her daughters because Harvard is in the middle of their spring break.