China Has Second-Most Billionaires, Behind U.S.

Posted on Mar 11, 2010

Flickr / FAB O LENS

Well, that didn’t take long. China now has more billionaires (89 if you include Hong Kong) than any other country except for the U.S., which, to be fair, has been working overtime to transfer wealth upward. Unlike the U.S., the Chinese government has promised to distribute its bounty to “make our society fairer and more harmonious.”

BBC:

Just a few days ago in a speech at the start of China’s on-going parliamentary session, Chinese Premier Wen Jiabao said the government must reverse the widening income gap.

“We will not only make the ‘pie’ of social wealth bigger by developing the economy, but also distribute it well,” he said.

Mr Wen added: “[We will] make our society fairer and more harmonious.”

Read more

More Below the Ad

New and Improved Comments

We are launching a major overhaul of our comments section.

In addition to more robust spam filtering and moderation, new features include the ability to rate other comments, sort how they are displayed and respond directly via e-mail or in a thread.

Unfortunately, commenters will lose their existing Truthdig identities. It's a pain, we know, but on the plus side you will now be able to log in with a plethora of options, including Google, Twitter, Facebook and Disqus accounts.

Before launching this system we spent months in discussion with our top commenters. We listened to the feedback and we hope you like what we've come up with.

Please direct any problems or concerns to us via our contact page.