BIZCHINA / Biz Life

Rich people feel 'insecure'
(China Daily)
Updated: 2006-07-20 10:23

Lu Xueyi, a researcher with Chinese Academy of Social Sciences, said the millionaires' insecure feelings could be regarded as a reflection of their true thoughts.

It has something to do with society's tendency to hate and envy rich people when the economic and social structure is changing, said Lu, who was quoted by the China News Service.

These millionaires were not private entrepreneurs from the very beginning. More than 75 per cent of them have worked in such places as the government and State-owned enterprises.

Sixteen of them, nearly half of the respondents, are Party members. This percentage is close to that in government, which the surveyors said they were surprised to learn.

Though most of them said their careers are only part of their lives, they tend to value career and wealth most, above marriage and family.

Most of these millionaires said do not believe in any formal religion. Only 10 said they were Buddhists. Half of them said they were tolerant of extramarital affairs in general.

At the end of last year, there were 4.39 million private enterprises and 11.09 million private entrepreneurs on the mainland, according to statistics from the country's industrial and commercial administration. About 2,200 private enterprises have registered capital of more than 100 million yuan (US$12.5 million), the administration said.


Page: 12

(For more biz stories, please visit Industry Updates)