The 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.
Some are members of the Chinese People's Political Consultative Conference (CPPCC), a top advisory body, which convenes on Saturday. Others will attend the National People's Congress, the rubber-stamp legislature, which opens its two-week session on Monday.
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.
Of the 5,130 delegates expected at the two assemblies, 153 individuals are among the "super rich" compared to 209 last year, according to a survey by Shanghai-based luxury magazine publisher Hurun Report. While there are fewer of them this year, their net worth totals $650 billion, up from $507 billion last year, according to Hurun. The list includes 102 dollar billionaires, roughly the same number as in 2017.
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