China is producing billionaires faster than any other nation

Correction: 27% of Chinese citizens live under the poverty line of $5.50 per day, according to the World Bank, not 40% as originally stated in the video. The earlier number reflects an older figure. NewsHour regrets the error.

Communist China's planned economy once prevented its citizens from becoming wealthy. But China now produces billionaires faster than any country in the world, even as President Xi Jinping has cracked down on ostentatious displays of wealth. Special correspondent Katrina Yu reports on the fourth in a 10-part series, "China: Power and Prosperity," with support from the Pulitzer Center.

Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6

Follow us:
Facebook: http://www.pbs.org/newshour
Twitter: http://www.twitter.com/newshour
Instagram: http://www.instagram.com/newshour
Snapchat: @pbsnews

Subscribe:
PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts
Newsletters: https://www.pbs.org/newshour/subscribe

Видео China is producing billionaires faster than any other nation канала PBS NewsHour