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Economy

A Snapshot Of The Chinese Super-Rich

China is starting to study the origin of its newfound wealth, and the behavior of those who possess it. A recent report shows China’s wealth largely comes from real estate and manufacturing, with a surprisingly high percentage of the money now invested ab

Beijing (relgar)
Beijing (relgar)

BEIJING - The "Private Banking White Paper 2011" issued last week by the Hurun Report website jointly with Bank of China shows that 14% of people who own more than 10 million RMB (about $1 million) have either emigrated or are in the process of doing so. Another 50% are considering emigration.

From May to September this year, the research institute led by Rupert Hoogewerf, the founder of the China Rich List, conducted face-to-face interviews with individuals with average assets of more than 60 million RMB in 18 large Chinese cities. The research resulted in 980 valid questionnaires from respondents with an average age of 42.

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FOCUS: Russia-Ukraine War

The Dead And Disappeared: A Village Emerges From 72 Days Of Russian Occupation

Russian forces have been pushed out of the area around Kharkiv. Villages that were occupied for two months are free once more — but utterly destroyed. And thousands of people have disappeared without a trace.

Kharkiv and the surrounding villages faced weeks of constant Russian shelling.

Alfred Hackensberger

TSYKRUNY — Andriy Kluchikov uses a walking stick, but is otherwise fairly sprightly for a 94-year-old. Under his black wool hat, Kluchikov seems fearless as he surveys his hometown in northeastern Ukraine. “The missiles don't scare me,” he says with a smile. “I have slept in my own bed every night and never went down into the basement.”

As for the two-meter-wide bomb crater that has appeared in his garden, between the vegetable patch and the greenhouse with its shattered plastic roof, Kluchikov almost seems proud. “No one can intimidate me,” he says. “Not even the Russians.”

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In the early days of the war, in February, Russian artillery almost completely destroyed this village of Tsyrkuny, near Kharkiv, Ukraine's second largest city. Only a few houses, including his own, were left undamaged. Shortly afterwards, Russian troops marched into the village and occupied it for 72 days. It was not until early this week that the Ukrainian army was able to liberate Tsyrkuny and many other areas to the north of the country’s second-largest city, Kharkiv.

It is the Ukrainians’ most successful counter-offensive so far. They are thought to have pushed the invading troops back almost to the Russian border. “The offensive is gaining momentum,” according to the independent American thinktank Institute for the Study of War. “It has forced Russian troops on the defensive and has successfully alleviated artillery pressure on Kharkiv City.”

In the modern city of Kharkiv, home to around 1.5 million residents, the relief has been palpable over the last few days. Restaurants and cafes have reopened. People are walking and riding bikes in the parks, and couples are strolling hand in hand, enjoying the warm spring sunshine. You can still hear the artillery, but it is now many miles away.

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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