China’s Poor Eat Crumbs from the Rich P…

The new Forbes list of China’s wealthiest 100 was splashed across the country’s newspapers this week, led by a 26-year-old woman worth an astonishing US$16.2 billion. The list sparked admiration from some readers — and disgust from plenty more. Many people see the widening wealth gap in China as something resembling Latin America’s legendary divide between fabulous riches and dire poverty. While Yang Huiyan is worth more than the GDP of many small countries, the average farmer in the poor western province of Qinghai earns US$280 a year.

Read →

Comments on this post are for paying subscribers