China has 271 billionaires, including Sany Group construction giant's Liang Wengen, the richest with $11 billion, the 2011 Hurun Rich List reported.
China's most affluent group expanded rapidly again this year, spurred by the country's construction boom and growing retail market, the Hurun Research Institute, which prepared the list, said Wednesday, China Daily reported.
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Chinese models dressed in fancy wedding gowns and adorned with costume jewelry attend the 2011 China Hair and Beauty Expo in Beijing on June 29, 2011. The models, along with their sponsors, will compete for the 'Best Hair and Beauty" award during the expo. The annual expo provides a platform allowing worldwide beauty and cosmetic manufacturers to introduce their products to buyers in China's massive cosmetic market. UPI/Stephen Shaver
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