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Octafish

(55,745 posts)
6. What Deng Xiaoping told TIME: ''Let some become rich first.''
Sat Oct 27, 2012, 12:50 PM
Oct 2012

Seems like it's going well for some. Coincidentally, they happen to be connected to the connected, like here.



The average wealth of China’s richest 1,000 stands at $860 million, down 9 percent from last year but still up 96 percent since the start of the financial crisis in 2008. Their average age is 54, most live in the capital Beijing (12 percent), are born in years of the rabbit (13 percent), and by an increasing margin are male (87 percent). Almost half have made their fortune in either manufacturing or real estate, or both. The country has 2.7 million millionaires when measured in U.S. dollars, according to Hurun. But even with a boom of wealth entering China, the country’s richest are still dwarfed by their U.S. counterparts. China’s richest man would rank 25th on the Forbes List of America’s Richest.

SOURCE: http://newsfeed.time.com/2012/09/25/the-red-rich-list-meet-chinas-5-wealthiest-men/



Thanks for being in the fight all these years, amborin. I know you understand there are more important things than money, people for instance.
So much for communism Anthony McCarthy Oct 2012 #1
The commies are so scared of their people learning the truth, they banned the news. Octafish Oct 2012 #3
China's system isn't communism. Zalatix Nov 2012 #14
Communism never had a chance. What Marx hadnt figured on was the greed of humankind. rhett o rick Jun 2014 #15
after the Bo scandal, the Chinese have a pretty good understanding; eom amborin Oct 2012 #2
Separate issues, yet connected. Octafish Oct 2012 #4
yes, i've been following it all intently....good question! amborin Oct 2012 #5
What Deng Xiaoping told TIME: ''Let some become rich first.'' Octafish Oct 2012 #6
Photo ID: Wen Jiabao and Henry Paulson Octafish Oct 2012 #7
If corporations are people - what does that make entities like Bain Capital? Serial killers? Initech Oct 2012 #8
Killer analogy... Octafish Oct 2012 #9
Obama and Holder could have changed the course of this country..... Hotler Oct 2012 #10
Obama is getting blamed for a lot of things he's not responsible for. Initech Oct 2012 #11
WHAT! Remember Obama went on Sixty Minutes and said the bankers did nothing illegal. Hotler Oct 2012 #12
That I do agree with. The banks should not have been allowed to get away with their crimes. Initech Oct 2012 #13
I am not sure that "Obama and Holder" could have or can "change the course of this country." rhett o rick Jun 2014 #16
A people's revolution will not solve the problem of world oligarchy. We must find a group of rhett o rick Jun 2014 #17
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