At its present growth rate, China’s population of billionaires will overtake the U.S.
In this week’s debate, the presidential candidates devoted a lot of attention to China and the valuation of its currency, the yuan. Republican candidate Mitt Romney stated that he’s in favor of labeling China a currency manipulator while President Barack Obama maintained that the policies of his administration have led to an 11 percent strengthening
As China’s economy booms, its leaders are looking to the U.S. for guidance on both corporate and individual philanthropy.
If you want to know where wealth is expanding, look to the Far East. China just published a list of its richest individuals and, for the first time, hit a record 271 billionaires. Average wealth of the 1,000 individuals on the list is $924 million. There are 1 million people in China with a net worth
As a die-hard Jimmy Buffett fan, just the sound of “jobless prosperity” resonates. It conjures images of a lazy day in Margaritaville. Somebody grab the salt and the limes. Unfortunately, there’s apparently no such thing as a free liquid lunch. The term “jobless prosperity” is indeed being used a lot lately. It refers not to