China's 'super rich' legislators get richer

China's 'super rich' legislators get richerThe Chinese Communist Party's annual legislative session will count more than 150 "super rich" members whose total net worth has soared to $650 billion, or double Ireland's annual GDP, a report showed Friday. From internet tycoons to real estate barons and auto industry leaders, some of the wealthiest people in the world's second-largest economy will grace the corridors of the Great Hall of the People for meetings that start this weekend. The NPC has the momentous task this year of passing a constitutional amendment that will lift presidential term limits, clearing the way for President Xi Jinping to stay in power beyond the end of his second five-year term in 2023.




from Yahoo News - Latest News & Headlines http://ift.tt/2FJDbLj

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