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China: It's A Oner's World

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posted on Jan, 14 2016 @ 03:57 PM
Oners in China have made short work of the legacy of communism in the world's largest economy. Taking a leaf from their American counterparts, they have wasted no time in taking thirty percent of everything and they aren't stopping there.

Report: Top 1% holds one-third of China's wealth

A recent report showed that income and wealth inequality is worsening in China. The top 1 percent of households own around one-third of China's wealth, while the bottom 25 percent of them have only 1 percent.

The report, released by a research institute at Peking University, shows that the inequality in income and assets between households in the country has been getting increasingly serious.

As they say in French: plus ça change, plus c'est la même chose (The more it changes, the more it's the same thing.)

posted on Jan, 14 2016 @ 05:33 PM
It's creeping Capitalism !!!

posted on Jan, 15 2016 @ 02:41 AM
a reply to: ipsedixit

I read not so long ago that China has 700 Billionaires, or thereabouts

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