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  • Chinese Billionaire Zhang Xin: 'The Old Model Doesn't Work Anymore'

    02/03/2016 11:49:30 AM PST · by Zhang Fei · 34 replies
    Der Spiegel ^ | January 22, 2016 – 07:59 PM | Bernhard Zand
    SPIEGEL: After the stock market turbulences, does it surprise you that people have started to worry? Zhang: China has consistently surprised us. When I returned from the United States 20 years ago, it was unimaginable that we would end up where we are now. What China has achieved defies all logic. I credit this to the hard work and enterprising spirit of the Chinese people. SPIEGEL: Can you give an example? Zhang: I am a runner. Last October, there was a marathon here in Beijing. I didn't participate this time, but friends told me that the run wasn't prepared too...