Hello and welcome to this edition of
Biz China on China Radio International. I'm your host, Chris Gelken.
According to the Forbes 2009 China Rich List, China's rich are not only getting richer, there are more of them. Interestingly enough, it seems that Chinese rich were largely immune to the global financial crisis, while the top wealthy people around the global saw wealth shrink. In today's program we will discuss China's elite group of super rich.
For this story and more, do stay with us. We'll be right back after this short break.
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Forbes statistics show the number of U.S.-dollar billionaires in China has grown to 40 from last year's 24. And those 40 tycoons saw their total assets surge from 52 billion U.S. dollars to 106 billion dollars over the past year. Are they really immune to the financial crisis?
Ying Ying has more.
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China has raised both gasoline and diesel prices by 480 Yuan or some 70 U.S. dollars per ton from last week as crude costs increased. Experts say the adjustment is in line with changes to the international crude price and it would have a limited effect on the country's consumer price index.
He Fei has the story.
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Management accountants are seen as the "value-creators" among accountants. They play an important role in organization management. Now increasingly more Chinese companies have recognized the strategic importance of management accounting and are stepping up related training of their employees. Our reporter Chen Xin had a chance to talk to
Charles Tilley, CEO of the Chartered Institute of Management Accountants or CIMA, a leading professional body with a focus on developing the management accounting profession. He asked what makes a professional management accountant.
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Backed by a strong national economy, China's travel and tourism industry has received a fair share of the limelight at the 30th World Tourism Fair held in London last week.
Da Min has more details.
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Before we go, a quick look at
major business stories from around China.
And with that, we have come to the end of another edition of
Biz China. If you have anything to say about the show, please feel free to contact us at bizchina@cri.com.cn. Reach us by post at English Service, China Radio International, Beijing, China. The postal code is 100040. You can also log onto our Web site, crienglish.com, to listen to this or any of our previous shows online. With program producer Chen Xin, I'm Chris Gelken in Beijing. Till next week, goodbye.