Menu
VIP YouTube Experience Spiral Clips أليس ميديا عربي تيوب CanAmericanTube Live TV Founder's Picks Al Jazeera English Alicia Keys BBC News Bloomberg Decomcracy Now! TED Talks Sign in to see your channels and favorites To Bookmark AdsFree: PC: press Ctrl+D MAC: press Cmd+D

How Communist China Has So Many Billionaires

   Bloomberg
   Published: 1 week ago

62,994 Views

By one estimate, China mints a new billionaire every two days, far exceeding the rate of countries like the United States. But how did China remain a nominally Communist state while becoming a hotbed for billionaires-in-the-making? Bloomberg QuickTake explains how capitalist compromises and moves begun decades ago have made China the not-quite-Communist country it is today.

Video by Henry Baker, Graphics by Christian Capestany, Sylvia Yang
Show more

Like our work? Show Some Love!

RELATED VIDEOS