The Chinese Communist Party's Capitalist Elite

Chinese lawmakers have amassed huge personal fortunes

Here’s yet another metric in which China has blown past the U.S.: The richest 70 members of China’s legislature added more to their wealth last year than the combined net worth of all 535 members of the U.S. Congress, the president, his cabinet, and the entire Supreme Court. These wealthy Chinese are members of the National People’s Congress, the nation’s lawmaking body that opens its annual session on March 5.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.