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BBC Chinese: Wealth of Members of the Chinese Legislative Branch Increased

BBC Chinese recently reported that the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Congress (NPC) are having full sessions now in Beijing. According to the Hurun Rich List (Mainland China), an annual report that ranks personal wealth and is widely accepted in China, in the last four years the total wealth of those NPC and CPPCC members who are listed in Hurun increased by 64 percent. Their wealth reached RMB 3 trillion (around US$435 billion), which is higher than the GDP of Austria. The average annual growth rate of their wealth was 13 percent. That is double the growth rate of China’s GDP. According to Hurun founder Rupert Hoogewerf, his reports are based on public information and are just the tip of the iceberg compared to the “hidden wealth” of the individuals on his list. In the past several years, many people on the Hurun list were found guilty of illegal activities and were brought to justice.

Source: BBC Chinese, March 2, 2017