Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

One quarter of China’s top 1000 richest people obtained their wealth from property, compared to less than 10% among the world’s 1000 richest, the report says.

Are they comparing the top-1000 richest people in China to the top-1000 richest people in the world? That's not a very good comparison. It's like comparing the top-1000 students from a single college, to the top-1000 students from every college in the entire world.

I'm not sure if the actual report makes this comparison too as I cannot read Chinese.



It makes perfect sense, as many of those who made a fortune in property probably obtained that land through party connections and/or party corruption. How else would they have obtained 'property' in China?


If 1/6 of the students in the world went to that college, it wouldn't be that bad a comparison.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: