Sunday , October 2 2022

They reveal that the richest man in China is connected to his country's communist party | international


Jack Ma, founder of the Chinese technical giant Alibaba, It is one of the richest people in the world, but now it is also known that it is part of another club, the Chinese Communist Party, with 89 million members.

The adhesion was revealed by People's Daily, the party's official body, in an article praising those who contribute to the development of China.

Ma is not the first and probably not the last Chinese capitalist millionaire who joins the formation, which also owns Xu Jiayin and Wanda Group founder Wang Jianlin as wealthy affiliates.

So far, Ma said he preferred to stay away from politics.

In the article published on Monday, People's Day notes that Ma is a member of the PCC, which played an important role in promoting the Silk Roads initiative, an ambitious program for Eurasian investment in Chinese president Xi Jinping infrastructure.

He is also considered to be one of the "outstanding architects of socialism with Chinese characteristics in Zhejiang Province", where the Alibaba headquarters is located, according to the publication.

Attending the party may be useful for private entrepreneurs in China, who have to deal with a complex business environment where state economies dominate many industries and private companies can become ill.

Xi tries to revive the expansion of the Communist Party's influence in private companies, which requires a company with more than three party members to establish a training cell.

Three out of four private companies already have party organizations.

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