| Description |
1 online resource (streaming video file) (27 min. 26 sec.) ; 165366785 bytes |
| Summary |
In China they're setting blistering speed records. From the go-fast, rich kids quickly amassing stables of super-cars to the developers building sky-scraping hotels - start to finish - in just 14 days. One local rich list estimates China has almost a million millionaires, 600 billionaires and the numbers keep growing at a staggering rate. Private jets are flying out of showroom hangers at mach 1. The economic transformation of China has been electrifying, but with Europe teetering and the U.S. plodding can the biggest tiger of all keep on roaring? The super-rich you'll meet in our 2012 return certainly think so.Imagine one day standing on flat ground in an open field, surrounded by farmland then returning two weeks later to precisely the same place only to find this time you're standing high atop a glittering, glass skyscraper.In China, that lightning high-rise hotel is just another project for soon-to-be billionaire developer Zhang Yue. He's developed a stunning pre-fabrication model that slashes construction time and he's busily planning to roll out around the world including Australia.Unlike many businessmen with global plans Zhang Yue isn't preoccupied with the economic turmoil in Europe or the stagnation in the United States. He's powering onward and upward."Take it down. (In 10 years time) I'm sure ours will be the biggest company in the world" -Zhang Yue, EntrepreneurSo too is restaurateur Zhang Lan. The Beijing dynamo has developed a Szechuan restaurant called South Beauty into a national chain employing 10,000 people. By 2020, she estimates she'll have 500 restaurants around the world. "Like McDonalds and KFC I believe that, in 100 years, the South Beauty brand will be known around the World and will rank at No1." - Zhang Lan, Restaurant entrepreneurIn China, optimism is unyielding.For Foreign Correspondent's returning program, China Correspondent Stephen McDonell gains remarkable access to some of China's heavy hitters and goes inside their world to examine the epic breadth of their business plans and the breath-taking scale of their luxurious lifestyles.As we know Australia has been insulated against the global financial turmoil because of China's voracious demand for our natural resources. Can the momentum continue when China's customers in Europe and the US are mired in economic woe? The echelon of China's business elite seem to be dreaming bigger and planning their own personal versions of global domination |
| Event |
Broadcast 2012-02-07 at 20:00:00 |
| Notes |
Classification: NC |
| Subject |
Chinese -- Economic conditions.
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Industrial management -- Economic aspects.
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Rich people -- Social life and customs.
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Young businesspeople.
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China -- Beijing.
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| Form |
Streaming video
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| Author |
McDonell, Stephen, host
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Hoogewerf, Rupert, contributor
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Jacob, Jean Michel, contributor
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Lan, Zhang, contributor
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Xin, Zhang, contributor
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Yue, Zhang, contributor
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