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Richest man reportedly to join Party leadership

(Global Times)

09:39, September 26, 2011

Liang Wengen

Liang Wengen, China's richest man and chairman of the Hunan-based heavy machinery producer Sany Group, looks set to become the first private entrepreneur to enter the Central Committee of the Communist Party of China (CPC), media reports said on Sunday.

Both Liang and Tang Xiuguo, president of Sany, confirmed with the Guangzhou-based Time Weekly newspaper last week that the Organization Department of the CPC Central Committee had completed the evaluation of Liang.

The Singapore-based Lianhe Zaobao newspaper further elaborated that Liang could be elected as a member or an alternate member of the Central Committee during the 18th CPC National Congress, which will be held in autumn 2012.

"There is a possibility that Liang may be assigned to roles in the Hunan provincial government or the government of the provincial capital Changsha," the Time Weekly quoted a local official as saying, who added that the provincial leadership needs people like Liang who are experienced in enterprise management.

Both the Hurun Report and Forbes listed Liang, 57, as the richest Chinese person this year with a wealth of about $10 billion.

Liang was born into a poor family in a mountain village in Lianyuan county, Hunan. His family made their living by making bamboo handicrafts. In the late 1970s, Liang enrolled in the Central South University to study metallic materials.

He entered the Ministry of Ordnance Industry after graduation and founded Sany in 1987 after leaving the ministry. He became a Party member in 2004, shortly after his company became listed and his fortune grew massively.

A number of renowned businessmen, such as Haier CEO Zhang Ruimin and Chairman of Sinopec Li Yi, have been accepted by the Party leadership. But those companies are either State-owned or connected with the CPC, whereas Liang would be the first person from the private sector.

"Liang's confirmation with Time Weekly meant that preliminary procedures for Liang's possible Party role had been completed, and only a few more steps, including an official announcement, are needed," Liu Suhua, an associate professor of the Political Science and Law Department at the Party School of the CPC Central Committee, told the Global Times.

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Leave your comment4 comments

  1. Name

Jack Smith, USA at 2011-09-2724.26.135.*
This is highly admirable! It just shows that China is full of good people doing the right thing. This, along with China"s willingness to execute scum who abuse their power, shows that China is clearly on its way to becoming the world leader, and apparently for good reason. One would almost never see this in the U.S. In the U.S., the rich, for the most part, are arrogant, selfish and crooked scum, and the sooner they are exterminated, the better we in the U.S., and indeed the world, will be. Jack Smith, USA
helen at 2011-09-26203.82.87.*
While every Chinese is most welcome to join the CPC, it is important that those very rich would not compromise or buy up other members in their pursuit of further wealth via their positions. We must be vigilant against any tendencies towards corrupting the CPC. This is the most common corruption of a system in the West.
PD User at 2011-09-2676.124.224.*
Great!The Party needs to include people from business community. We need people with management expertise NOT always politicians, governors and engineers.
McCarthy at 2011-09-26206.125.78.*
Your party will be destroyed from within, once the Capitalist is on the inside he will organize to split the party and make it into a reactionary party, reverting to capitalist greed and class warfare against the workers. This is a grave mistake and may be the end of socialism before it even matures.

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