More than 100 billionaires among China’s most influential legislators
Beijing — China counts more than 100 billionaires among its top legislators, with 209 of the richest holding wealth nearly equivalent to Belgium’s annual GDP, according to a report released as the Communist Party’s annual parliamentary session started, on Friday. A key focus of the sessions is eliminating poverty and creating a "moderately prosperous society", a project President Xi Jinping has frequently cited as a national priority in a country that suffers from a gaping chasm between the rich and poor. The annual session of the country’s top political bodies started on Friday with a meeting of the Chinese People’s Political Consultative Conference (CPPCC), a group that is part of the Communist Party-controlled government structure. The opening of the national people’s congress (NPC), China’s rubber-stamp legislature, will be held on Sunday, with the country’s economic elite and top leaders rubbing shoulders for about two weeks, in the imposing corridors of the Great Hall of the P...
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