Can I ask a stupid question?
How can there be all these Chinese millionaires, when China is communist, and theoretically there is no accumulation of profit or private wealth????
Is Chairman Mao turning in his grave??? What about the dictatorship of the proletariat??? These people just want to check out of the system altogether???
Perhaps 20 years ago, the Wall Street Journal ran an editorial on "If Hitler had brokered a peace deal in 1944, and if the Third Reich lasted 70 years or so, what would a mature Fascist State look like?"
The WSJ decided Nazi Germany would have a lot in common with China -- powerful central government, a lot of ostensible private ownership, a strong economy heavily manipulated by government regulations, a large upper class, and a rather oppressive society for the masses.
You know: a lot like the US.
Because communism and capitalism are not mutually exclusive. And the chinese excel at the amoral variety of capitalism.