The number of Chinese billionaires may overtake the United States in the next five to 10 years. They are increasing in number, however, the middle class is still sluggish and behind. The article talked about the need for more entrepreneurs to contribute to the middle class success. The top 1 percent of affluent Chinese families hold 41.4 percent of the nation's wealth. That is quite a spread if you ask me. This article is interesting and a quick read. I enjoyed it because it talked a lot about entrepreneurship, which is what I am interested in.
http://usa.chinadaily.com.cn/business/2012-04/02/content_14969465.htm
Kirk Robison
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ReplyDeleteI thought it was interesting to hear about how many billionaires are emerging from China. It kind of made me sad to hear that the middle class is still struggling as well. This really shows how much of a gap there is in China between the rich and the poor.
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