No, we are not talking about the famous folklore, "The 8 deities who crossed the sea". We are talking about the 8 powerful families that control China. They control and command all the resources in China such as finance and banking, public utility and transportation, military, etc.
http://www.telegraph.co.uk/news/worldnews/asia/china/9767514/Heirs-of-Communist-Chinas-Eight-Immortals-have-amassed-huge-wealth.html
http://www.zerohedge.com/news/2012-12-26/octagon-oligarchy-meet-chinas-eight-immortals-infographic
Xi Jinping managed to wrestle and gain control from the 8 powerful families with some going downhills while others pledging loyalties to him.
For example, Li Peng's daughter was booted out of the public utility industry in China.
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