Country ... China
Emergence of a Plutocracy

The KaChing! Dynasty ... China will soon be home to half the world's billionaires, so can the superrich help the superpower stay in the box seat?

Burgess COMMENTARY

Peter Burgess

The KaChing! Dynasty ... China will soon be home to half the world's billionaires, so can the superrich help the superpower stay in the box seat?

The Chinese economy is booming at a blistering pace.

It is driven largely by the Fudai: the superrich who call the superpower home. Many are just in their forties.

From building 30-storey towers in just 14 days, to amassing a luxury fleet of sports cars or a private jet - China's million millionaires and 600 billionaires are helping to change the country's landscape.

And China's mad rush to urbanisation is only helping these elites get richer and richer.

With Europe and the US in the financial doldrums, 101 East asks if China's new dynasties have the economic ambition to rule the world.

Source: Al Jazeera