CHINA - Making Billionaires Faster Than US

Arno Froese

China has been producing new billionaires—especially female billionaires—much faster than any other country in the world. 

By the numbers: China and the U.S. together have produced 55% of the world’s “known” billionaires, according to Hurun’s 2022 Global Rich List. 

China has more total billionaires: 1,133 to the U.S.’ 716. And its billionaire population is growing about three times faster than America’s, according to Hurun.

The three cities with the biggest billionaire populations are now all in China: Shenzhen just overtook New York City for third place.

Worthy of note: Of the most successful self-made female billionaires in the world, 60-70% are Chinese—a rate that’s stayed consistent for the last 16 years.

A few of the causes: The previous one-child rule meant women have had to take fewer career breaks. And the societal structure where families live together or close to one another has given women more child care options.

-www.axios.com, 20 March 2022

Arno's Commentary

This was unthinkable just a few decades ago. A communist-ruled country was considered to be inferior, having limited freedom and often poverty-stricken. That was the picture projected by the Western media.

Today, the story is quite different. China’s leadership has effectively implemented the tools for success; namely, the mixture of capitalism, socialism, and communism. Virtually all other nations in the world work on a similar principle, but in the opposite direction. Where will it all lead? Equalization of the nations of the world. China can no longer be ignored by the West. And, based on the success stories of the last few decades, this communist country will take the leading position—in the first place, in manufacturing. Even now, many call China the factory of the world. The globe is interconnected like a giant factory, with millions of assembly lines churning out greater quality merchandise, faster than ever before. 

Here we are reminded of the origin of globalism at the building of the Tower of Babel. Their goal is revealed in Genesis 11:4: “And they said, Go to, let us build us a city and a tower, whose top may reach unto heaven; and let us make us a name, lest we be scattered abroad upon the face of the whole earth.” We notice the words “they … us … we.” They wanted to be important; they were self-centered and success oriented.

In these last days, we can see that the adhesive for globalism is merchandise. The god of this world knows his aim: creating a unified, peaceful, prosperous, and secure world. Only by success, prosperity, and luxury galore can Satan complete his master plan of deception. 

In regard to the Tower of Babel, we read in verse 6: “And the Lord said, Behold, the people is one, and they have all one language; and this they begin to do: and now nothing will be restrained from them, which they have imagined to do.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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