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Alibaba founder Jack Ma has become China's richest person according to a wealth survey by the. Hurun Report. Mr.Ma tops its annual rich list with a fortune of $25bn,.followed, by Wanda Group chairman Wang Jianlin.

Internet billionaires account for five of China's 10 richest people this year, beating property giants(房地产巨头) who have traditionally dominated(占优势) the list, which also includes the head of Tencent, Pony Ma.Other technology giants on the list include the co-founder of Chinese search group Baidu, Robin Li, and the founder of online retailer (零售商) JD.com, Richard Liu.

CHINARICH LIST

Hurun Report chairman and chief researcher Rupert Hoogewerf said, "Jack Ma is the 11th Number One we have had in China in the last 16 years, showing the dynamism(活力) of the Chinese economy, and an outstanding reminder of the growth potential that is being realized in the new markets".

The Hurun Report's rich list is one of the most closely-watched and accurate assessments of wealth in China. The annual report has been published for the past  16 years. Individuals or families required at least $2.3bn this year to make it onto the list, which is more than 15 times the amount needed a decade ago. There are a record 354 so-called "dollar billionaires" in China this year, Hurun said, which is a 13% increase from last year.Overall, the total wealth of the l,271 people on the list is worth $1.4tn this year

Hurun said it had been "an amazing year" for the online retail and other IT sectors and a “good year” for entertainment, investments, cars, renewable energy, pharmaceuticals(药业) and manufacturing. On the other side, Hurun said it had "been a bad year for steel and shipping" and that real estate(不动产) "could have done a lot worse, bearing in mind the state of the market".

The world's second-largest economy has been slowing down. Its property industry may

have 'overheated and that levels of local debt are too high. As a result, the government has taken measures to cool the housing market, which has slowed down for several quarters.Perhaps reflecting this shift, four of the six property giants in last year's top 10 list have dropped down the rankings.

1.According to Rupert Hoogewerf, Jack Ma's being the 11th richest in China in the last 16 years indicates that      

A. China will surely have the  12ffi Number One next year

B. the growth of China's economy in the last 16 years is incredible

C. new markets are providing China with great potential for economic growth

D. China has successfully sailed through the global financial crisis started in 2008

2.What is true about the Hurun Report's rich list?

A. Accurate assessments lend credit to the rich list.

B. Only individual billionaires can make it onto the list.

C. The list has been published every other year for 16 years.

D.It favors investments and cars rather than steel and shipping.

3.What can be inferred from the changes in the top 10 list during the past two years?

A. Property giants are no longer rich due to the shift.

B. China has become the world's second-largest economy.

C. Internet billionaires traditionally dominated the top 10 list.

D. The Government has played a role in the changes of house prices.

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