this post was submitted on 29 Oct 2024
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China

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The number of billionaires in China fell by 36%. In the past year alone, and the collective wealth of the country’s richest people dropped 10%. 🎉 (www.ft.com)
submitted 18 hours ago by [email protected] to c/[email protected]
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[–] [email protected] 0 points 7 hours ago

YAY

[–] [email protected] 0 points 15 hours ago

Sometimes I see statements on the internet that in China "2% of all the people own 98% of the wealth" (uncited stat of course), I wonder what they'd think of this.

[–] [email protected] 0 points 16 hours ago

The Economist is preparing an opinion piece about how this is bad as we speak.

[–] [email protected] 0 points 17 hours ago (1 children)

Looking at this graph, this may just be a case of the spike during COVID subsiding.