Thursday , March 21 2019
Home / Global Macro Monitor / Why Communist China Has So Many Billionaires – Bloomberg

Why Communist China Has So Many Billionaires – Bloomberg

Summary:
By one estimate, China mints a new billionaire every two days, far exceeding the rate of countries like the United States. But how did China remain a nominally Communist state while becoming a hotbed for billionaires-in-the-making? Bloomberg QuickTake explains how capitalist compromises and moves begun decades ago have made China the not-quite-Communist country it is today. Video by Henry Baker, Graphics by Christian Capestany, Sylvia Yang – Bloomberg [embedded content]

Topics:
Gregor Samsa considers the following as important: , , , ,

This could be interesting, too:

Yves Smith writes China’s Belt and Road Initiative vs Washington Consensus

James Picerno writes China Continues To Lead Global Rebound In Stocks This Year

James Picerno writes Macro Briefing: 20 March 2019

Gregor Samsa writes QOTD: Fading Breton Woods = Instability – Arminio Fraga

By one estimate, China mints a new billionaire every two days, far exceeding the rate of countries like the United States. But how did China remain a nominally Communist state while becoming a hotbed for billionaires-in-the-making? Bloomberg QuickTake explains how capitalist compromises and moves begun decades ago have made China the not-quite-Communist country it is today.

Video by Henry Baker, Graphics by Christian Capestany, Sylvia Yang – Bloomberg

Gregor Samsa
This site is designed as a “go to” source for traders, investors, policymakers and any interested in markets and the global economy. We provide informed opinion, timely market information, sources, and links.

Leave a Reply

Your email address will not be published. Required fields are marked *