CHINA'S BILLIONAIRE GROUP EXPANDS RAPIDLY

SHANGHAI - The Sany Group's founder Liang Wengen is China's richest man with a fortune of 70 billion yuan ($11 billion), according to the Hurun Rich List 2011. The list, released by the Hurun Research Institute on Wednesday, showed that the nation's most affluent group continued to expand rapidly this year, buoyed by China's unceasing construction boom and growing retail market.
It has been a record year for China's rich, despite the ongoing difficulties of the world economy.
The number of US dollar billionaires on the list shot up to 271 from 189 last year and 130 in 2009.

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