The Newsletter 51 Summer 2009

The rise of the new rich in China

Friederike Fleischer

Goodman, David S. G., ed. 2008. The New Rich in China. Future rulers, present lives. London and New York: Routledge. 302 pages. ISBN 978 0 415 45564 0

On April 14th, 2009, the China Daily ran the headline ‘Millionaire’s Club gets bigger in China.’ Yet, who are these millionaires and how have they acquired their wealth? Does their money translate into political, social, and cultural capital as well? How do they live, and what distinguishes them? Is there even such a category as ‘the rich’ vis-à-vis other social groups?