Bloomberg on March 4th: Wen Jiabao Sees Billionaires When Communists Convene as Wealth Gap Widens.
Key Stats in the article: The richest 70 of the 2,987 members have a combined wealth of 493.1 billion yuan ($75.1 billion)… By comparison, the wealthiest 70 people in the 535-member U.S. House and Senate, who represent a country with about 10 times China’s per-capita income, had a maximum combined wealth of $4.8 billion. Average wealth of top 70 members in China is close to $1bn, while in the US, it is close to $7mn. And yes, it is US dollars, normalized already for currency.
In China, everything can made it bigger, faster and quicker. And building wealth is no exception!
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