Richest in China are Connected with the Communist Party

China’s wealthiest have ties with the Communist Party, according to state media, further underlining the interweaving of business and politics in China.
Richest in China are Connected with the Communist Party
Rupert Hoogewerf (R), best known as Hurun, announces China’s richest list in Beijing on Oct. 19, 2012. Wang Zhao/AFP/Getty Images
Updated:

Nine of the top ten on an independent list of China’s wealthiest have ties with the Chinese Communist Party, according to a recent report by Chinese state media, further underlining the interwoven nature of business and politics in China.

The state-run Beijing Youth Daily reported on the political participation of the ten richest men in China after the release of the Hurun Report, an annual survey of China’s wealthiest, on Oct. 10.

Despite the slowdown in the economy, China's richest have defied gravity, recording their best year ever, and creating more wealth than any country has ever done before in a year.
Rupert Hoogewerf, Hurun Report chairman and chief researcher
Larry Ong
Larry Ong
Journalist
Larry Ong is a New York-based journalist with Epoch Times. He writes about China and Hong Kong. He is also a graduate of the National University of Singapore, where he read history.
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