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Bloomberg holds back on China wealth probe

Bloomberg News has decided not to publish an article that alleges financial ties between China’s richest man and the relatives of top Chinese Communist party officials because of fears the government would prevent the media group from operating in the country, writes Demetri Sevastopulo in Hong Kong.

An investigative team spent the past year probing links between the tycoon and several current and former members of the Politburo Standing Committee – the body that ultimately rules China.

One person familiar with the circumstances said senior Bloomberg editors in the US blocked the story at the 11th hour.

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