FYI: It’s official now that Jack Ma, chairman of the Chinese e-commerce giant Alibaba Group Holdings Ltd., is a member of the Communist Party. He’s also the richest of a growing gaggle of high-net-worth individuals in China, who between them control $6.5 trillion. The story of how China’s Communist Party, long an opponent of capitalist ideology, created one of history’s greatest breeding grounds for personal wealth begins four decades ago when then party patriarch Deng Xiaoping introduced reforms that would drastically transform the country into the world’s second-biggest economy.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-11-29/why-communist-china-is-home-to-so-many-billionaires-quicktake?srnd=premium
