Liu Yingxia, who was listed as China's 46th richest woman with assets of four billion yuan ($660 million)was removed as a member of the Chinese People's Political Consultative Conference (CPPCC)
The CPPCC is a debating chamber that is part of the Communist Party-controlled governmental structure and usually meets once a year in March
Liu Yingxia founded a company in the northeastern city of Harbin at the age of 20 that now operates in the property and road construction sectors
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