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Wikipedia definition
1. PrincelingsIn contemporary usage, The Princelings, also translated as the Crown Prince Party, refers to the descendants of prominent and influential senior communist officials in the People's Republic of China. It is not a political party, but an informal, and often derogatory, categorization to signify those benefiting from nepotism and cronyism, by analogy with Crown Princes in hereditary monarchies. Many of its members now hold high-level political and business positions in the upper echelons of power.
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