An annual survey of China's wealthy - the Hurun Rich List came out recently – amongst its findings: that 55 thousand people have a consumption capacity of nearly 100 million yuan – that's about 16 million dollars per year – each! The report says about 60% of that money is invested in real estate and much of the rest on luxury goods. So how do those with a little less to spend on themselves feel about this? Our reporter Julia Wang went out on the streets of Beijing to find out.
Mao Zedong once said: "Women hold up half the sky". Well China's wealthier women seem to be doing far more than half the work when it comes to taking their place on global wealth lists. The Hurun List of Self-Made Women Billionaires lists 11 Chinese in the top 20. And the top three are all Chinese including top placed Zhang Yin who made her fortune recycling waste paper. On the other side of the gender pide however, not one Chinese man made the list of top 10 richest men. So how do people here in China feel about this wealth gap between the sexes? Our researcher Aaron Peng went out on the streets of Beijing to find out.
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…
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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.