Dear MEL School’s Topic Readers,
China's rubber-stamp parliament is a
billionaires' club
It sounds like the most highly-valued
ticket to attend an assembly on the planet. The National People's Congress is a
China's top political advisory body, which takes place every year in March. There,
203 of the the richest 1,271 people in China delegates sit, listen to and
rubber stamp what the party leaders say and propose. The combined wealth of
those delegates is estimated to worth over $180 billion, greater than the GDP
of Austria or South Africa. If you compare the scale of wealth with the U.S., the
net worth of the top ten richest lawmakers in China is nearly 100 times larger
than that of the US lawmakers.
Why are there so many high-ticket lawmakers
in China?
Enjoy reading and finding the scale and
mechanism of the politics and business in China.
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