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Why China's Billionaires Cannot Build The World's Most Admired Companies

Which country has the largest number of billionaires, China or America? China. According to the latest Hurun Global Rich List 2013, China had 212 billionaires in 2013, compared to 211 in America.

 

A Programmer outsources his job to China. Gets great performance reviews. Pays the Chinese firm 1/5th of his salary. Surfs web.

Programming

Call it an amazing example of entrepreneurship or a daring play of deceit. After a U.S.-based "critical infrastructure" company discovered in 2012 its computer systems were being accessed from China, its security personnel caught the culprit ultimately responsible: Not a hacker from the Middle Kingdom but one of the company's own employees sitting right at his desk in the United States.

 

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