China’s List of Billionaires Expands Again
Submitted on September 18, 2011
By John Chan - WSWS
The [Chinese Communist Party] laid the basis for the rapid rise of billionaires and multi-millionaires through cheap state credit, infrastructure projects, government support for key industries, widespread privatization of state enterprises, opening of the economy to international capital, and above all, ruthless police-state repression of a massively expanding working class that provides the necessary cheap labour.
