Summary
Not that this has prevented a tiny group of mainland Chinese becoming astronomically rich, in a country where average annual income barely exceeds £1,000. Five of the richest ten have made their fortunes from property, according to Fortune, including Yang Huiyan, whose company, Country Garden, completed its £800 billion Hong Kong flotation in April.
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Extract
Slums for the Masses, Fortunes for the Few
Hu Bin is your archetypal Chinese real-estate entrepreneur. Built like a bull, with a huge, moon-shaped head, a permanent grin and tiny, nicotine-blackened teeth, he is also the embodiment of Beijing's sudden determination to use its huge capital reserves to buy the world.
Despite an estimated £5 billion fortune, Hu Bin would normally have remained a low-key fig...See the full content of this document
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