Wednesday, October 21, 2015

China vs USA

For those who studies Accounting, they know there is a lot of things to learn in economy and many different aspects that we can look out, all around the world. One of the reasons I chose this article is that we talk about two of the world's most powerful country in economy, China and the United States of America. Over the century, China didn't stop growing as one of the biggest economy platform in the world.

Lately, we heard in the news that for the first time, China had more billionaires than the United States of America. It's quite surprising when you think of it. So, they say in this article that in total, China has now numbered 596 billionaires, unlikely 537 billionaires for the US. Referring to Rupert Hoogewerf, Huron Report chairman, China is one of the most vibrant countries in the planet for entrepreneurship. Chinese billionaires respects their old ways of doing things, with 95 % handmade fabrication. 21 % of the Chinese billionaires are woman. The most affluent women of China, Zhou Qunfei, quit school by the age of 15 but went to university as a part-time student and started touch-screen maker Lens Technology in 2003. Zong Qinghou, the founder of drink company Wahala, couldn't find a proper job because of his poor education. After that, the guy started to sell milk to make his money. There a few things you have to do to be a Chinese billionnaire. First, you have to work in those specific industries, tech, property investments and manufacturing industries.  Four billionaires part of the top 10 in China are IT tycoons and four others of the top 10 have a certain occupation in immoveables. Also, everything that is made in China are in fact, source of big profits. Outside of the top 10, manufacturing is one of the most frequent industries of the Hurun rich list member. Second, you need to live in one of the those cities, Beijing, Shanghai or Shenzhen. Finally, social media fans makes a huge influence on billionaires, most of them have a large number of followers in social media.
Checked and revised with the help of the Virtual Writing Tutor grammar checker

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