An elite group of Communist billionaires whose combined worth is near $700 billion are being accused of holding China back as they profit from bloated state enterprises. Findings released by Shanghai-based Hurun Report have shown that top-ranking members of the National People’s Congress (NPC) are still enriching themselves at a greater rate than ever before. It reported that 100 members of the NPC were billionaires, with a combined wealth of nearly $700 billion — about the GDP of Belgium.
— source abc.net.au | 6 Mar 2017