Quote:
Originally Posted by Luke
The number of billionaires per capita is China is still very low, which is compatible with the fact that China has low income per capita. If you want to make a mathematical comparison between the rich Chinese and average Chinese, you have to compare the total number of billionaires and the total amount of wealth China has.
It is already clear that the number of billionaires boosts this year due to the stock market. This wealth is not stable and volatile. America has 400 billionaires, which are real billionaires. Chinese billionaires can become homeless tomorrow.
|
I think it makes more sense to compare China by the number of billionaires per capita in countries that are in its level of gdp/capita.
For instance, Mexico is wealthier than China per capita but nowhere near as many billionaires.