Hurun list

China’s rich list shrinks in 2012. China’s rich are getting poorer

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  The 2012 Hurun Rich List, the annual ranking of the 1000 richest individuals in China, reveals that China’s rich are getting poorer and the no. of billionaires is down after six years of growth. In a year when the Shanghai Stock Exchange fell 23%, 469 of the Hurun Top 1000 saw their wealth shrink, … Read more

Moutai luxury liquor in center of the public outcry over Chinese government spending

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Debate is raging in China about officials’ spending on wining and dining, funded by public money. This year particular attention has been paid to Moutai, Chinese liquor also known as baijiu, a high-priced drink beloved of China’s wealthy businesspeople and officials. Recently ranked the fourth-most valuable luxury brand in China on the Hurun Report’s 2011 … Read more