Distribution of wealth under the epidemic

 China's super-rich saw a 41 percent rise in wealth and a widening gap between rich and poor

Japan's Nikkei Asian Review October 7, the original title: in the recovery after the lifting of the epidemic blockade, China's super-rich wealth surged 41 percent, the value of Chinese super-rich assets is rising from the March trough caused by the new crown epidemic, from April 2019 to the end of July this year, their total wealth increased 41 percent, breaking the $1.5 trillion mark, but also raising the total wealth of the world's billionaires to a record high.

 As the world's second largest economy, China is the first major economy to recover from the new crown epidemic. China has a record 415 billionaires, with $1.7 trillion in total wealth under control, according to a new report by UBS and PricewaterhouseCoopers. By contrast, the two figures for April were 389 and 1.2 trillion dollars respectively.

 China's billionaires have created more wealth than the rest of the world, thanks to the fact that it has managed to contain the epidemic by march. Curbing the epidemic helped boost economic activity and boost wealth creation in health care, technology, materials and entertainment. According to data compiled by bloomberg, a succession of IPO( initial public offerings in the first half of this year brought more than 20 chinese founders into the billionaires' club.

 At a news conference Wednesday, Amy Lu, UBS's Asia-Pacific co-head of wealth management, said China's wealth creation was "closely linked to innovation and technology ".

 China's billionaires' total wealth has increased eightfold over the past decade, while the wealth of the wealthiest groups in the United States has only doubled, the report said. At the beginning of 2020, the global billionaires' total wealth fell 6.6 percent, to 43, to 2058. Meanwhile, China's billionaires' total wealth increased by a fifth.

The report shows that China's billionaires are mostly technology entrepreneurs, including Ma Yun and Ma Huateng, followed by industry, retail, materials and health executives.

In fact, today's employment problem is very serious, many people have been unemployed, many manufacturing producers have closed down. Some plastic injection molding companies around can not support, so the gap between rich and poor is not good for social development.