The opening session of the 13th National People’s Congress (NPC) at the Great Hall of the People in Beijing on March 5, 2019. The number of US dollar billionaires in the legislature dropped to 93, from 104 last year, while their combined wealth was crimped by 45 per cent due to a stock market rout. Photo: Xinhua

China’s billionaire lawmakers are fewer and less wealthy, as 2018 stock market rout crimped their ranks and fortunes

  • The combined wealth of China’s lawmakers fell 14 per cent to 3.4 trillion yuan (US$504 billion) this year, while the number of dollar billionaires fell to 93 from 104, according to Hurun Report
  • In 2016, the 50 wealthiest members of the US Congress were worth a combined US$2 billion
Topic |   Two Sessions 2019 (Lianghui)

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The opening session of the 13th National People’s Congress (NPC) at the Great Hall of the People in Beijing on March 5, 2019. The number of US dollar billionaires in the legislature dropped to 93, from 104 last year, while their combined wealth was crimped by 45 per cent due to a stock market rout. Photo: Xinhua
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