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Minxin Pei: Tycoons are pawns in Beijing's power games

Disappearance of Xiao Jianhua may spell checkmate for Xi's foes

Billionaire Xiao Jianhua reads a book outside the International Finance Centre in Hong Kong in December 2013. He was apparently taken from a hotel room in the city by mainland Chinese police on Jan. 27.   © AP Photo/Next Magazine

In appearance, newly minted Chinese tycoons bear no resemblance to fattened geese. In reality, their ultimate fate may be little different. Unprotected by the rule of law, the tycoons -- and their wealth -- are easy prey in a one-party state.

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