The words of the old rhyme, "tinker, tailor, soldier, sailor, rich man, poor man, beggarman, thief" were used by children to foretell their future careers. But the last part of that rhyme has gained new meaning in today's China; the widening gap between rich and poor is one of the government's main concerns – and not just for economic reasons…
Chongqing Torture Revealed Airplane Compensation For Delays Best Job Winner Announced BMW Rich Girl/ Rich Kids Taiwan Self-Censorship Er Sha Villas Damage Machines
The second week of the Copenhagen Climate Conference is now underway. And there's hope that with the arrival of over 100 of the worlds top leaders - including Chinese Premier Wen Jiabao and US president Barack Obama, the chances of agreeing on a mutually acceptable deal are that bit closer.And, as BON's Fergus Thompson reports - agreement between these two countries is essential to any meaningful outcome from the conference.
A Hong Kong billionaire recently came under the spotlight when he snapped up one of London's most expensive homes. Joseph Lau, who has an estimated $4 billion fortune, paid $54 million for the six-floor mansion in the city's exclusive Belgravia. And with the dramatic growth in China's economy super-rich from the Chinese mainland are now following in Lau's footsteps.
Realty agents in the UK capital say that for the first time they are seeing substantial numbers of mainland Chinese looking to invest in the residential property market there. According to a world wealth report published last year, the number of dollar millionaires in China is now exceeded only by the US, Germany and Japan. And many foreign realtors are starting to target this lucrative new market.