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China Joins Russia in Dismissing Panama Papers Ties to Xi, Putin

  • Chinese paper cites Washington's hand in East-West struggle
  • Offshore revelations come at sensitive time for both leaders
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What We Know So Far From the 'Panama Papers'

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For China, a "powerful force is behind" the leak of millions of documents on the offshore accounts of some of the world’s wealthiest people. Russia sees their release as an attempt to destabilize the country before elections later this year.

The neighboring powers struck similarly dismissive tones about the so-called Panama Papers detailing the overseas holdings of about 140 politicians, public officials and family members including President Xi Jinping’s brother-in-law and people with ties Russian President Vladimir Putin. In an editorial published Tuesday, China’s state-run Global Times newspaper assessed the "eye-catching" revelations as a salvo in an East-West ideological struggle, saying the U.S. had the most to gain from the leak.