|09-29-2011, 11:38 AM||#1|
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Billionaire joining China's communist party?!.
China's richest person us tapped to become the first private entrepereeur to join the top ranks of China's Communist Party.according to state media reports.
Wengen Liang,chairman of machinery-maker Sany heavy Industry,could be elected as a member of the party's powerful central committee at the meeting of it's National Congress next fall,2012.The congress meets once every five years,and speculation around possible party membes is ramping up as it approaches.
Nearly 400 of China's most senior party members make up the committee.
The 54 year old tycoon,whose net worth is estimated at 9.3 billion U.S. topped Forbes magazine's annual list of China's welthiest people.
If chosen Liang's membership into China's ruling elite would be a sign that that party is embracing private enterprise.(experts say).
The message is the party wants to have a good relationship with the private sector,with the rich entrepereneurs.said Cheng li a China expert with Brookings institute.
TORSTAR NEWS SERVICE.
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