China’s latest rich-list of 2,030 people controlling fortunes of $300M or more now totals $2.6 trillion, as much as the UK GDP. Topping the rich-list are a few tech billionaires, but the big, big money is in the hands of the people who led China’s out-of-control, precarious real-estate bubble. Xu Jiayin, chairman of real estate developer Evergrande Group, has emerged as China’s richest man with assets worth US$43 billion.
— source boingboing.net 2017-10-16
what kind of communism is this? Capitalistic Communism?