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15 Oct 2010
Building Wealth in China: 36 True Stories of Chinese Millionaires
by Carey Chambers, dragonbn.com
According to this year's Hurun Wealth Report, China is home to an astounding 875,000 millionaires. And these aren't RMB millionaires either. To qualify for the list each millionaire must have a net worth of at least RMB 10 million, which is about US $1.47 million.
So the question is: How did these people make all that cash?
Building Wealth in China: 36 True Stories of Chinese Millionaires & How They Made Their Fortunes
takes a look at a tiny sampling of China's millionaires and the businesses that made them successful.
Among the millionaires profiled are Song Zhenghuan, a former math teacher who founded a company that is now the largest supplier of baby strollers in China, and Shi Zhengrong, Chairman of Suntech Power Holdings, one of the world's largest solar cell manufacturers.
While the book doesn't go into great detail about the plans, negotiation or execution that led to their success, it does provide an overview of the traits, ideas, strategies and philosophies that helped them succeed.
For example, Zhang Yin, Chairwoman of Nine Dragons Paper and the so-called "queen of wastepaper" observes that "in the world of business there is no difference between men and women, only winners or losers."
When asked what's most significant in his enterprise, Zhou Shengjun of Chongching Goldenlady Co. Ltd replies: "Talent. I always pay attention to finding talent, training talent and providing opportunities for talent."
Absent from the list of millionaires is ubiquitous China billionaire Jack Ma, founder of Alibaba. For his story, read Alibaba: The Inside Story of Jack Ma and the Creation of the World's Biggest Online Marketplace
Building Wealth in China
was compiled by Zhu Ling and published by Random House.
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