Forbes magazine released its annual list of the world’s richest people. The number of Chinese billionaires (including Hong Kong) doubled last year to 89. That’s second only to the United States, which had 403. India also doubled its number of billionaires on the roster.
For more on the rising number of super-rich in Asia, Daljit Dhaliwal speaks to Roben Farzad, senior writer for Bloomberg BusinessWeek.
And China — whose economic power rests largely on its manufacturing might — now faces labor shortages in its manufacturing heartland.
As Rob McBride of Al Jazeera English reports, young workers want more money and better opportunities.