Amna Nawaz
@PBSNewsHour·5.3M subscribers·62.2K videos
China is producing billionaires faster than any other nation
Posted
September 29, 2019
Views
453,014
Likes
6,002
Engagement
1.32%
September 29, 2019
453,014
6,002
1.32%
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10:16Now PlayingCorrection: 27% of Chinese citizens live under the poverty line of $5.50 per day, according to the World Bank, not 40% as originally stated in the video. The earlier number reflects an older figure. NewsHour regrets the error.
Communist China's planned economy once prevented its citizens from becoming wealthy. But China now produces billionaires faster than any country in the world, even as President Xi Jinping has cracked down on ostentatious displays of wealth. Special correspondent Katrina Yu reports on the fourth in a 10-part series, "China: Power and Prosperity," with support from the Pulitzer Center.
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