China has more billionaire lawmakers than US: Report

Chinese top legislature has 38 billionaires, who are richer than the richest member of US Congress.

Updated: Mar 04, 2011, 18:17 PM IST

Beijing: Chinese top legislature, the
National People’s Congress, (NPC) apparently has 38
billionaires, who are richer than the richest member of US
Congress, and the Chinese government which still swears
socialism wants to have more "legally" rich in the country.

It is perhaps a delicate question to answer for Li
Zhaoxing, the spokesman of the NPC, when he was told by a
foreign correspondent on nationally televised press conference
today that the Chinese legislature, which deliberates
socialist legislation, has 38 billionaires in its ranks.

These billionaires are richer than the richest US
Congressman, the questionnaire told Li, the former Foreign
Minister, seeking to know what measures Chinese Communist
Party government would take to bridge the growing rich-poor
divide in the country.

Not to be stumped by the question, Li a seasoned
diplomat said it is news to him that NPC has that many

"We hope there will be more rich people in China and
these people must get rich by legal means," he said adding
that he knew of many people getting rich in China through good
work and involved in philanthropy.

He admitted that disparities of several kinds were
rising in China.

"There are issues of regional development
imbalances, gap between urban and rural development and
disparities between rich and poor.

That is why the (Communist) party and the government
have articulated the goal of ruling by law and taken measures
to steadily achieve this noble goal" he said adding that Prime
Minister, Wen Jiabao may make some announcement tomorrow to
bridge the growing disparities.

He virtually ruled out western style democracy to
replace one party rule.

"We must be rooted to national conditions at all
times. We will not enact laws that do not suite China`s
national conditions and realities.

If a law is required by real life in China then we
will enact it as soon as possible.

We need to draw from foreign experience but should
not copy it blindly," he said adding that building socialism
with Chinese characteristic is a long term historical task.

The NPC, regarded as a rubber stamp legislature of
the Communist Party begins its annual session from tomorrow to
pass various laws for the year.