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Tron_fdc · 06-13-2005, 03:06 PM

Actually, there are quite a few millionaires in China. 236 000 of them to be EXACT . There are a lot of people that started their own businesses and are living the lifestyle of many rich Americans, along with the same luxuries you would find in affluent American neighbourhoods. The state is relaxing a lot of controls that it had in place through the last few decades and allowing a lot more personal wealth, but they are still maintaining a lot of the old style communist principles (media censorship, etc) to protect some of their "fundamentals".

Asia is also experiencing the fastest growth in millionaires, faster than any other region on earth. I found an article on that here.

I haven't been to India so I can't speak first hand about the pace of development there, but from what I have been seeing in China over the last 4 or 5 years along with what I have read and studied on the subject I would be quite surprised if India is on their level, or at least not yet.

06-13-2005, 03:06 PM	#10
Tron_fdc In Your MCP Join Date: Apr 2004 Location: Watching Hot Dog Hans Exp:	Actually, there are quite a few millionaires in China. 236 000 of them to be EXACT . There are a lot of people that started their own businesses and are living the lifestyle of many rich Americans, along with the same luxuries you would find in affluent American neighbourhoods. The state is relaxing a lot of controls that it had in place through the last few decades and allowing a lot more personal wealth, but they are still maintaining a lot of the old style communist principles (media censorship, etc) to protect some of their "fundamentals". Asia is also experiencing the fastest growth in millionaires, faster than any other region on earth. I found an article on that here. I haven't been to India so I can't speak first hand about the pace of development there, but from what I have been seeing in China over the last 4 or 5 years along with what I have read and studied on the subject I would be quite surprised if India is on their level, or at least not yet.