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主题: ZT: CHINA'S BILLIONAIRE BOOM
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作者 ZT: CHINA'S BILLIONAIRE BOOM   
wanderer
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文章标题: ZT: CHINA'S BILLIONAIRE BOOM (1303 reads)      时间: 2004-12-15 周三, 07:16   

作者:wanderer海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
























Communist China's new entrepeneurs





  Communist China's new entrepeneurs







CHINA'S BILLIONAIRE BOOM
With his baby face, petite physique, slicked back hair and slightly over-sized business suit, Huang Guangyu looks like a trainee clerk on his first day in the office, writes Sky's Holly Williams in Shanghai.               

Instead, the 35-year-old is China's richest man, with a fortune of US$1.3bn, amassed through a nationwide chain of household electronics stores and a series of savvy property investments.


Huang's position at the top of China's Rich List - published annually by EuromoneyChina Magazine - also makes him just one of a trio of US dollar billionaires, the first to generate such fortunes in a country that is still officially communist.                                     

Huang's rise is a classic rags-to-riches tale. Born in to a struggling farming family in Shantou, southern China, Huang did not finish high school.                                     

At age 17 he left home and moved to Beijing, where, in the late 1980s, China's communist leaders were just beginning a careful embrace of the free market, allowing individuals to set up small private businesses.                                     

In an exclusive interview with Sky News in his penthouse office, Huang put his success in business down to his determination and problem-solving abilities.              

"When I started out, I thought the retail industry would be good," he said with a laugh, "but not this good."                                     

Over 20 years, Huang's fortunes have moved in tandem with his country's lightening-fast development.                                     

From a one-man operation hawking household appliances, Huang has built an empire of over 120 super-stores that sells microwaves, flat screen televisions and DVD players to China's increasingly affluent middle class.



















The country's richest man: Huang Guangyu
The country's richest man: Huang Guangyu

In the same period, China has transformed itself from an isolated socialist economy into a powerhouse that manufactures one third of the world's clothes, imports more oil then Japan, and has become world's third biggest market for car makers. According to state-run media, one in every 50 Chinese is now an entrepreneur.                                     

The Rich List compiler, Rupert Hoogewerf, says China is a land of opportunity similar to 19th Century America or industrialising Britain.                                     

"You've got to realise that when you're looking at China's richest people they're all self made," he said. "It's all first generation; they came from nothing to big fortunes."                                     

Huang agrees with Hoogewerf, noting that his activities as a private businessman would have been illegal in the China of his youth.                                     

But he denies that there is any secret to China's economic miracle, or to his own astronomical success. "All you need to do is give a Chinese person an opportunity," he said. "With an opportunity, they can make a lot of money."                                     

Other players on the new Rich List appear to support to Huang's theory.

















Rags-to-riches tales are flourishing
Rags-to-riches tales are flourishing

                                     

Ranked China's second richest man, 31-year-old Chen Pinxiao has made over US$1bn with his online gaming business. At just 33 years of age, internet entrepreneur Ding Lei is worth US$600m.                                     

Meanwhile, China's cities are transforming themselves into playgrounds for the new elite.                                     

Luxury housing developments with names such as 'Windsor Avenue', 'Merlin Champagne', 'Park Avenue' and 'Chateau Regalia' line main thoroughfares in big cities like Shanghai and Beijing.                                     

One apartment complex even offers bedrooms with walls painted in 27 carat gold leaf. A newly opened restaurant in Beijing serves up single bowls of shark's fin soup for £100 a pop, while the Rolls Royce dealership in Shanghai says its latest Phantom model (priced at up to US$500,000) is selling at the rate of over one a month.                                     

In glitzy shopping malls across China members of the female elite snap up clothes and accessories from Louis Vuitton, Chanel, Prada and Fendi.                                     

However, while conspicuous consumption is on parade everywhere, the men who are generating the wealth behind it are surprisingly elusive.


















There's nothing the super rich can't have
There's nothing the super rich can't have

                                     

Huang Guangyu took several weeks to decide before accepting an interview with Sky News, and would not allow any pictures to be taken of his home or private life.                                     

Other entrepreneurs ranked on the rich list refused to appear at all, saying that they preferred not do talk to the media, or repeatedly claiming that the timing was "inconvenient".                                     

One reason for the camera-shy nature of China's super-rich could be a series of crackdowns on some of the country's wealthiest individuals.                                     

Last year, Shanghai property tycoon Zhou Zhengyi - then listed as China's 11th richest man - was sent to prison after being convicted for fraud and stock manipulation.                                     

Yang Bin, who made his money growing and selling tulips and orchids, and was once China's second richest man, is now serving an 18 year prison term for fraud and bribery.                                     

Liu Xiaoqing, China's self-proclaimed first female billionaire (in local currency terms) was also recently jailed on tax evasion charges, while automobile magnate Yang Rong fled the country after a warrant was issued for his arrest for financial crimes.

















'It's ok to get rich, but don't flaunt it,' say officials
'It's ok to get rich, but don't flaunt it,' say officials

                                     

China-watchers have been quick to point out that, before running afoul of the law, what all four had in common was a flamboyant style, and a willingness to display their new-found wealth before the media.                                     

The arrests sent out a clear message from the Chinese authorities: while it is now okay to get rich, flaunting it will get you in to hot water. That makes the rich list a potential problem for those seeking to quietly generate enormous wealth.                                     

When Forbes Magazine recently released a list of China's highest earning celebrities, several stars publicly denied the income attributed to them.                                     

Construction magnate, Du Sha, listed eighth on this year's rich list, publicly declared that his money is "clean", stressing to Chinese media that he had "never bribed anyone or done anything filthy".                                     

Others ranked on the rich list have pleaded with compiler Hoogewerf to be omitted from his rankings.                                     

But China's richest individual, Huang Guangyu, says he has a clean financial record, and little to fear from the authorities.                                     

"The rich list doesn't mean a great deal to me," he said. "I just want to do a good job of running my company."



作者:wanderer海归商务 发贴, 来自【海归网】 http://www.haiguinet.com









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