Tuesday, March 19th, 2019

China’s wealthiest to take part in key political meetings

This year's session of the Chinese People's Political Consultative Conference (CPPCC) starts on March 3, 2015, and the National People's Congress (NPC) opens on the following dayFive of the 10 wealthiest people in Communist-ruled China are due to take part in two major political meetings starting this week, government websites show, highlighting the influence of the country's mega-rich. The website of the National People's Congress (parliament) shows that among the top 10 of publisher Hurun's 2014 China rich list, third-place drinks tycoon Zong Qinghou, fifth-placed Pony Ma of Internet giant Tencent, and Lei Jun, the head of mobile phone upstart Xiaomi, who took tenth spot, are all delegates. Solar energy tycoon Li Hejun — listed in joint third place last year but now described by Hurun as China's richest man — and sixth-ranked Robin Li of Chinese search engine giant Baidu, are both in the Chinese People's Political Consultative Conference (CPPCC), a parallel debating body, the latest membership list showed. Capitalists and landowners were persecuted in the early days of the Peoples' Republic of China, with entrepreneurs only officially allowed to join the Communist Party during the 1990s leadership of Jiang Zemin under his "Three Represents" theory, which called for more open membership.

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