According to the annual Hurun Report, by the end of this year about 875,000 people in China will each possess at least 10 million yuan – that’s about 1.7 million US dollars – in assets. That is an increase of 6 percent from last year. So what has made this lucky group immune from the global recession?
On Today's panel were:
Paul Maidment, Editor of Forbes.com, and Executive Editor, Forbes
Patrick Chovanec, Associate Professor at Tsinghua University
Johnson Chng, Partner of Bain & Company, Head of the firm's Financial Services
To hear what they had to say about the nouveau riche in one of the world's fastest growing economies - how they made their money, how they are spending it, and how they are investing it, take a listen to China's Nouveau Riche!