Understanding China, One Blog at a Time

An American in China

Corruption Pays in China-152 Billionaires

Posted by w_thames_the_d on March 4, 2014

The hands of China’s commies are red with blood and flush with cash. Take a look at how those thieves are doing.

China`s prominence on Forbes magazine`s hotly watched annual rich list is one of the strongest trends this year, editor Randall Lane told CNBC on Tuesday. China registered a record 152 billionaires in the 2014 list, up near 25 percent from 122 last year, while Hong Kong clocked up 45, said Forbes. “That`s probably the biggest trend coming out of here… we had a little over 30 newcomers just from mainland China,” said Lane.

Read more at: http://www.moneycontrol.com/news/world-news/china-minting-billionaires-at-39phenomenal39-rate_1050286.html?utm_source=ref_article

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