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China blocks Bloomberg site after report on leader

world Updated: Jun 29, 2012 21:45 IST

China has apparently 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 expected 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.

Xi is poised to take over as Communist Party leader in the fall and president next spring.

Bloomberg's spokeswoman in Asia, Belina Tan, said the company believed the site was inaccessible in China because of a story that it published Friday.