Skip to content
Subscriber Only
Technology
Pursuits

China’s Richer-Than-Romney Lawmakers Reveal Reform Challenge

The ranks of China’s ultra-wealthy in its legislature swelled 20 percent this year, highlighting the vested interests that may oppose any measures by incoming President Xi Jinping to reduce the nation’s wealth gap.

Ninety members of the National People’s Congress are on a list of China’s 1,000 richest people published by the Shanghai-based Hurun Report, up from 75 last year, according to a review of the data by Bloomberg News. Everyone on the Hurun list had a fortune of at least 1.8 billion yuan ($289.4 million), more than former Republican presidential candidate Mitt Romney.