In China, princelings are privileged relatives of high-level government officials. Princelings benefit from nepotism and cronyism, using their family ties to conduct business and accumulate wealth. They also serve as conduits for currying favor with their official relations.
Now President Trump has given us the ultimate Chinese import: American princelings. They are his sons Donald Trump Jr. and Eric Trump, daughter Ivanka Trump and son-in-law Jared Kushner.