"Communist" Shanghai has more of these than LosAngeles, CA !!!
BRICs Give US Cities a Millionaire-Inferiority Complex?
New data from WealthInsight shows that Beijing and Shanghai each have more multi-millionaires now than Los Angeles. I read somewhere that China has 147 Billionaires
and over MILLION millionaires. They had none while Mao was the ruler.
That explains why China economy is growing 4 to 5 times faster than US.
Just a couple of years away from China becomes biggest economy on earth.
But this is hardly a surprise. China had the world's largest GDP for over
thousand years before the industrial revolution in Europe.