This photo taken on December 6, 2012 shows China's President Xi Jinping gesturing as he attends a meeting with 'foreign experts' at the Great Hall of the People in Beijing. (AFP / POOL / Ed Jones)
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Reports based on documents leaked from a Panama-based law firm that name relatives of current and retired Chinese politicians, including President Xi Jinping, as owning offshore companies are "groundless," China's Foreign Ministry said Tuesday.Spokesman Hong Lei said he would not comment further on the reports and declined to say whether the individuals named would be investigated.Internet censors and state media outlets, meanwhile, ignored or actively squelched reports on the revelations.The reports by an international coalition of media outlets working with the Washington-based International Consortium of Investigative Journalists, or ICIJ, are based on documents from the Panama-based law firm Mossack Fonseca, one of the world's biggest creators of shell companies.
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