News Outspoken Chinese billionaire Sun Dawu sentenced to 18 years in prison

[Jackdaws]

Link

Outspoken Chinese billionaire Sun Dawu sentenced to 18 years in prison

Billionaire Sun Dawu, a vocal critic of the Chinese government, was sentenced to 18 years in prison on Wednesday for "picking quarrels and provoking troubles," according to an official statement posted by the court.

edition.cnn.com

Billionaire Sun Dawu, a vocal critic of the Chinese government, was sentenced to 18 years in prison on Wednesday for "picking quarrels and provoking troubles," according to an official statement posted by the court.
Sun was arrested in March this year. His company, Hebei Dawu Agricultural and Animal Husbandry Group, owns farming operations in China and employs about 9,000 people in poultry processing, pet food production and other industries. He is also famous for being an outspoken critic of China's ruling Communist Party.
Sun was found guilty of "gathering a crowd to storm state institutions, obstructing public service, picking quarrels and provoking troubles, disrupting production and operation, conducting coercive trade, illegal mining, illegal occupation of agricultural land, illegal absorption of public deposits," the People's Court of Gaobeidian said in a statement posted on its official WeChat account.

 

[Gary]

Chinese billionaire should move to the US or faces consequence like Ma and this guy

 

[Jackdaws]

Chinese billionaire should move to the US or faces consequence like Ma and this guy

Anywhere outside of China would be fine. As it is, most HK business will shift to Singapore.

 

[xizhimen]

No worries, we have enough of them and China keeps churn out world's most new billionaires.

China passes U.S. as world leader in billionaires, becomes the first country in history with more than 1,000 billionaires
By David R. Sands - The Washington Times - Wednesday, March 3, 2021
Nearly one-third of the world’s 3,228 billionaires live in China,

China, guided in theory by the ruling Communist Party’s Marxist-Leninist ideals, has achieved an unlikely milestone — surpassing the United States as the country with the largest population of billionaires.

According to the 2021 Hurun Global Rich List released this week, China has become the first country in history with more than 1,000 billionaires, clocking in with 1,058 residents worth $1 billion or more — in U.S. dollar terms — at the start of 2021. That’s an increase of 259 billionaires in China from the start of 2020, and comes despite rising economic friction with the U.S. and a global pandemic that decimated trade and economic growth around the globe.

The U.S. finished second in the billionaire race with 696. India, Germany, Britain and Switzerland are the other countries that can boast of at least 100 billionaires.

Nearly one-third of the world’s 3,228 billionaires live in China, according to the survey, although Americans Elon Musk and Jeff Bezos still top the list of the planet’s wealthiest individuals.

Zhong Shanshan, founder of the Nongfu Spring bottled water behemoth, is China‘s wealthiest man at No. 7 on the list, with a fortune estimated at $85 billion, Mr. Zhong is the first Chinese national to make the Hurun global top ten.

China passes U.S. as world leader in billionaires

China, guided in theory by the ruling Communist Party’s Marxist-Leninist ideals, has achieved an unlikely milestone — surpassing the United States as the country with the largest population of billionaires.

www.washingtontimes.com

 

[xizhimen]

China is now home to two-thirds of the world’s top women billionaires, four times more than the US, nine out of the top ten self-made women billionaires from China

• China had 85 billionaires as of January, 2021, which is nearly two-thirds of the global female billionaires

Published: 2:00pm, 27 Mar, 2021


China is home to the most self-made women entrepreneurs in the world, according to a new report.

The country minted 24 new femalebillionairesto start 2021, bringing the total number to 85, said Hurun Research Institute.
China’s 85 female billionaires amount to two-thirds of the 130 women billionaires in the world.

While the number of women billionaires grew 30 per cent from last year, the 3,098 male billionaires dwarf the 130 self-made women billionaires.

Rupert Hoogewerf, the chairman and chief researcher at Hurun, told the South China Morning Post that the rest of the world needs to “wake up” to the dominance of Chinese women entrepreneurs. Chinese women make up 70 per cent of the world’s most successful women entrepreneurs.

People need to study China and see “what’s hampering women elsewhere to build businesses of that size,” he added.

Hurun Research Institute found nine out of the top ten self-made women billionaires are from China and eight out of ten new faces are from China.

China is now home to two-thirds of the world’s top women billionaires

China had 85 billionaires as of January, 2021, which is nearly two-thirds of global female billionaires and four times as many as the US.

www.scmp.com

 

[xizhimen]

259 billionaires were created in China last year - more than the rest of the world combined, Beijing tops the world city billionare list for the sixth year running

The size of China's exclusive billionaire's club has almost doubled in the past five years.PHOTO: AFP

• PUBLISHED
  March 2 2021

BEIJING (AFP) - More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the coronavirus pandemic, according to a global tally released on Tuesday (March 2).

The size of China's exclusive billionaire's club has almost doubled in the past five years as the world's number two economy continued to outpace most others, and its ability to mostly avoid the worst of the coronavirus meant it was one of the few to expand in 2020.

And the Hurun Global Rich List showed 259 people breaking into the billion-dollar bracket - more than the rest of the world combined - taking .

In comparison, second best performer the United States saw 70 new billionaires created, taking its total to 696.

Leading the Chinese pack was Zhong Shanshan of bottled water giant Nongfu, who entered the list for the first time with an $85 billion fortune, putting him number one in Asia and into Hurun's global top 10. Mr Zhong, a former construction worker, made his cash following a $1.1 billion initial public offering in Hong Kong last year.

However, a clampdown on ecommerce giant Alibaba saw tycoon Jack Ma fall down the pecking order. The one-time darling of China's entrepreneurs has come under pressure from regulators, who have reigned in Alibaba and fintech arm Ant Group on anti-trust issues.

Three individuals globally added more than US$50 billion (S$66.6 billion) in a single year, the survey found: Tesla's Elon Musk, Amazon's Jeff Bezos and Colin Huang of Pinduoduo, one of China's fastest-growing ecommerce players.

Overall, China continues to lead the world's wealth creation, Hurun's report said, adding 490 new billionaires in the past five years compared with the 160 added in the US.

Hurun Report chairman Rupert Hoogewerf said that even with the pandemic chaos, the past year saw the biggest wealth increase of the past decade due to new listings and booming stock markets.

"Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined," he added.

The report also flagged a shift in Hong Kong, pointing out that the city's entrepreneurs are now being "dwarfed" by their counterparts in the mainland - only three Hong Kong tycoons make it into the China top 50.

Six of the world's top 10 cities with the highest concentration of billionaires are now in China, with Beijing top of the heap for the sixth year running.

259 billionaires were created in China last year - more than the rest of the world combined

China now has 1,058 billionaires, the first country to break the 1,000 mark. Read more at straitstimes.com.

www.straitstimes.com

 

[Jackdaws]

@beijingwalker Please don't derail the thread. This thread is about the persecution of Chinese citizens by the brutal CCP regime by Corona Xi. If you wish to defend or criticize Corona Xi and and CCP based on the topic, please do so. Don't derail it.

 

[xizhimen]

@beijingwalker Please don't derail the thread. This thread is about the persecution of Chinese citizens by the brutal CCP regime by Corona Xi. If you wish to defend or criticize Corona Xi and and CCP based on the topic, please do so. Don't derail it.

It's talking about Chinese billionaires, that's why someone said Chinese billionaires should move aboard, but the truth is China is the most likely place to have new billionaires made on this planet.

 

[Jackdaws]

It's talking about Chinese billionaires, that's why someone said Chinese billionaires should move aboard, but the truth is China is the most likely place to have new billionaires made on this planet.

It's unrelated. Posts reported for derailing thread. If you have anything to say about Corona Xi or CCP and the arrest and conviction of this guy, please do so.

 

[xizhimen]

It's unrelated. Posts reported for derailing thread. If you have anything to say about Corona Xi or CCP and the arrest and conviction of this guy, please do so.

If it is not about billionaires, why someone suggested that billionaires should move out of China?

 

[Xenon54]

259 billionaires were created in China last year - more than the rest of the world combined, Beijing tops the world city billionare list for the sixth year running

The size of China's exclusive billionaire's club has almost doubled in the past five years.PHOTO: AFP

• PUBLISHED
  March 2 2021

BEIJING (AFP) - More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the coronavirus pandemic, according to a global tally released on Tuesday (March 2).

The size of China's exclusive billionaire's club has almost doubled in the past five years as the world's number two economy continued to outpace most others, and its ability to mostly avoid the worst of the coronavirus meant it was one of the few to expand in 2020.

And the Hurun Global Rich List showed 259 people breaking into the billion-dollar bracket - more than the rest of the world combined - taking .

In comparison, second best performer the United States saw 70 new billionaires created, taking its total to 696.

Leading the Chinese pack was Zhong Shanshan of bottled water giant Nongfu, who entered the list for the first time with an $85 billion fortune, putting him number one in Asia and into Hurun's global top 10. Mr Zhong, a former construction worker, made his cash following a $1.1 billion initial public offering in Hong Kong last year.

However, a clampdown on ecommerce giant Alibaba saw tycoon Jack Ma fall down the pecking order. The one-time darling of China's entrepreneurs has come under pressure from regulators, who have reigned in Alibaba and fintech arm Ant Group on anti-trust issues.

Three individuals globally added more than US$50 billion (S$66.6 billion) in a single year, the survey found: Tesla's Elon Musk, Amazon's Jeff Bezos and Colin Huang of Pinduoduo, one of China's fastest-growing ecommerce players.

Overall, China continues to lead the world's wealth creation, Hurun's report said, adding 490 new billionaires in the past five years compared with the 160 added in the US.

Hurun Report chairman Rupert Hoogewerf said that even with the pandemic chaos, the past year saw the biggest wealth increase of the past decade due to new listings and booming stock markets.

"Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined," he added.

The report also flagged a shift in Hong Kong, pointing out that the city's entrepreneurs are now being "dwarfed" by their counterparts in the mainland - only three Hong Kong tycoons make it into the China top 50.

Six of the world's top 10 cities with the highest concentration of billionaires are now in China, with Beijing top of the heap for the sixth year running.

259 billionaires were created in China last year - more than the rest of the world combined

China now has 1,058 billionaires, the first country to break the 1,000 mark. Read more at straitstimes.com.

www.straitstimes.com

Is this something to brag about?
On one side you have really poor regions where people still dont even have electricity but on the other hand you produce most billionaires.
If anything then it shows how worse the income inequality has gotten, this creates a whole set of new problems in itself, you should work towards fixing that situation instead of boasting about number of billionaires who are rich on paper but still know ways to avoid taxes.

 

[xizhimen]

On one side you have really poor regions where people still dont even have electricity but on the other hand you produce most billionaires.

I don't think anywhere in China where there is no electricity, even the remotest region are connected with the national grid. Besides, as long as there are humans, there are rich and poor gap, no exceptions.

 

[xizhimen]

China overtook US and became the country with the world biggest middle class since 2015, by 2027, most Chinese citizens are in the middle class category

By 2027, we estimate that 1.2 billion Chinese will be in the middle class, making up one quarter of the world total.

https://www.brookings.edu/wp-content/uploads/2020/10/FP_20201012_china_middle_class_kharas_dooley.pdf