US, EU Sanctions on Russia Have Upset CCP’s Ruling Elite: Expert

(L-R) Former Chinese vice president Zeng Qinghong, and Politburo Standing Committee members Liu Yunshan, and Zhang Gaoli are three elite Chinese Communist Party cadres whose family members own overseas shell companies, according to the Panama Papers, a massive collection of leaked documents. Feng Li/Getty Images

The ongoing U.S. and European sanctions against Russia are sending shockwaves through China’s powerful elites. A China expert says “red aristocrats” are almost united against Chinese leader Xi Jinping over his decision to attack Taiwan.

Australia-based China expert Yuan Hongbing told The Epoch Times that the Chinese communist princelings are fearful, worrying that Xi’s decision to invade Taiwan might pose risks to their huge overseas wealth.