Imagine you were the top engineering student at one of China’s best universities. You’ve studied hard, hoping some day you’ll work for a multinational and possibly get transferred to America. Fortunately, there are many graduate jobs advertised for multinationals looking for the exact skills and qualifications you have. You submit your resume, both in Chinese and English, with your English name atop, followed by your impressive credentials.
Days pass, you hear nothing. Weeks follow, without a word. One by one, you call up the companies you applied to. In perfect English, you introduce yourself to the American HR representative, “Hi I’m Rambo, I’m calling about your graduate position…” An empty silence fills the receiver, then a click.
Their mansion cellars are chock-full of the finest burgundies. Their gift cupboards, packed with luxury European goods. As they play real-life monopoly with central London property, their offspring purr around the cities in orange Lamborghinis. In this land of China, where the authorities have traditionally strived for a classless society with common property ownership, the number of US$ billionaires are growing like Jack’s beanstalk.
As much of the world suffers through their financial crises, China’s rampant economic growth continues to pump out billionaires. Between 2009 and 2010, the number of Chinese billionaires grew 45% from 130 to 189, from 2010 to 2011, 43% to 271. China’s tally is now second only to the United State’s 413 mega-wealthy.
In less than 20 days, New Zealand will be overrun with striped jerseys and empty beer vessels as the rugby world converges for the third largest sporting event on the planet, the Rugby World Cup
20 nations will be competing for rugby supremacy in the Nile River of rugby tournaments. Yet in China, the world’s most populous nation, the dedicated following of the rugby will be limited to a few smoky expat bars and a handful of committed Chinese rugby heads (most of whom will be supporting the All Blacks)