Tuesday, October 20, 2009

THIS IS COMMUNISM?


Reuters – BYD (Build Your Dreams) president Wang Chuanfu sits inside
the BYD E6 Electric Car
"China's super-rich have bounced back from the financial crisis with a vengeance, and China now has more known dollar billionaires than any other country bar the United States, according to a new report released on Tuesday. The annual Hurun Report said China has 130 known dollar billionaires, up from 101 last year. The number in the United States is 359 while Russia has 32 and India 24, according to Forbes magazine. China's rich are getting richer, with the average wealth on the list $571 million, up almost one-third from last year, said compiler Rupert Hoogewerf." (Reuters, 13 October) RD

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