One out of every three owners of private businesses in the country is a member of the ruling Communist Party of China (CPC), according to an official survey.

The survey was jointly conducted by the Organization Department of the CPC Central Committee, the All-China Federation of Industry and Commerce, and the China society for the study of non-government (private) enterprises.

The survey shows that the number of CPC members among private business people has risen dramatically. The percentage of CPC members among large private companies is even larger.

Many of these "red capitalists" were CPC members before they opened their own businesses. A large number of officials and CPC members have quit their jobs in government or state-owned firms, experts participating in the survey said.

Source: Xinhua