China blocks Bloomberg site after report on leader

Published June 29, 2012 11:13am ET



BEIJING (AP) — China blocked access to Bloomberg’s website on the mainland after the business and financial news agency published a report Friday detailing the multimillion-dollar assets of relatives of the man set to become the country’s next president.

The report says that the extended family of Vice President Xi Jinping holds interests that 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 million holding in a tech company. The report cites public documents Bloomberg reporters compiled.

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