10 years ago
4
The Number Of Chinese Billionaires Passes 300
The number of dollar billionaires in China has passed 300 for the first time, an annual ranking of wealth in the world's second-largest economy showed Wednesday.
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http://www.businessinsider.com
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And they call themselves communist?
"Billionaire communists", to be precise. I think they long ago gave up communism; it's just a veneer.
It's basically capitalism but state driven, not market driven.
They adopted "socialism" in their most recent constitution. Communist would be the official name of their political party(s). The constitution allows foreign investment and private ownership,.thus the 300.