Just as the world is digesting the outcome of the U.S. elections, China's political elite are gathering in Beijing to usher in a crucial leadership transition as well. The 18th party congress, slated to open at 9 am on Thursday(9 pm U.S. East time), has so far put the spotlight on the rising political fortunes of a record number of private entrepreneurs, many of which are Forbes billionaires or centi-millionaires, including high-profile Sany Group Chairman Liang Wengen, who ranked No. 6 on Forbes China Rich List with a $5.9 billion net-worth and may become the first tycoon to enter China's powerful ruling body.
Reported by Forbes.com 57 minutes ago.
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