If Bill Gates is a standard, getting an education degree is no measurement for later wealth. The Hurun China Rich list discovered that half of its listed 2,000 rich did not finish with a degree, says chief researcher Rupert Hoogewerf in Global Times. Partly that is caused by the chaotic times during the Cultural Revolution.
Category Archives: education
The efforts by China´s financial authorities to reduce the outflow of capital has already reduced many investment plans by the China. But financial analyst Victor Shih sees a few more holes in the country´s policies that might be stopped soon too: education and tourism, he tells Sourceable.
China´s soccer clubs have been spending unprecedented amounts of capital in buying foreign players and improving high-profile stadiums and other infrastructure, hoping to win the World Cup. But the basis is wrong, so the efforts will fail, says Beijing-based soccer expert Rowan Simons to AFP,
A fast shrinking labor force, who mostly get a college degree, creates a dramatic shortage of skill labor workers, China used to have plentiful in the past, says Zhang Juwei, director of the Institute of Population and Labor Economics of the Chinese Academy of Social Sciences to Caixin.
I did it for the kids, says former Baidu communication director Kaiser Kuo in his exit interview on the Sinica podcast. He recently swapped Beijing for Chapel Hill, NC in the US. I wanted them to be truly bi-cultural, and after learning and submerging in China during their first years, going to college in the US was inevitable. `We planned this move for five years.” While the political climate is not improving, it was not the reason to leave, he says. “It was way worse when I arrived here.”
The Hurun China rich list published its annual list of people giving to charities. Not only grew the amount of gifts year-on-year in 2016 50%, the givers organize their charity more professional and are better aware of its effects, tells Hurun Chairman Rupert Hoogewerf in the Luxury Daily.
A group of tens of million of Chinese are looking for more than only make money, says journalist Ian Johnson. They look for a better quality of life, including organic food, corporate values and good domestic education for their children.
China is trying to employ this year 7.5 million graduates, and while getting a job is not as hard as a few years ago, high-profile politicians have encouraged them to start their own companies. Financial analyst Sara Hsu wonders in the Diplomat whether that will work, even with help from the government.
First rich Chinese send their children. Then they invest in real estate. And then other investments and jobs for the locals follow. China Rich List founder Rupert Hoogewerf was the first to discover that trend, and his latest Hurun report shows the UK has been in 2015 a key winner of job creation, led by Huawei, he tells Xinhua.
In China, Alibaba´s executive chairman Jack Ma, is the most generous philanthropist, according to the l2015 Hurun Philanthropy List, writes Yibaba. His donations amounted to 14.5 billion yuan or 2.4 US dollar. The Hurun Philantropy List is produced by Rupert Hoogewerf´s China Rich List.