How China's rich are shaping national policymaking
For the first time in the country's history, private entrepreneurs are actively involved in the preparation of the national five-year plan.
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AT the annual meeting of the National People's Congress that began on March 5, one group clearly stands out - the 114 of the nearly 3,000 delegates of the National People's Congress (NPC) that are on the Hurun list of richest Chinese.
China's richest people account for close to 4 per cent of the members of the body that officially acts as China's national legislature. This high level of representation is at least somewhat ironic in a nation that still follows Communist doctrine.
But in a departure from the past, China's most successful - and obviously well connected - private entrepreneurs aren't there just for the prestige or to show off. They want to influence policymaking.
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