Zong Qinghou Quotes
We don't need to solve the problem of the rich-poor gap. We need to solve the problem of common prosperity.
He, Huifeng. "Stop Bashing the Rich, Says Mainland's Wealthiest Man." South China Morning Post, 4 Mar. 2013.
The only publication with a full time Poverty beat
At the time of this quotation, the nation had gone through more than 3 decades of enormous increase in prosperity for the wealthy, and modest gains for the highly skilled, technically trained workers. However, correcting for inflation, average salaries did not increase at all. The middle class was particularly hard hit. Only 20 percent of the population benefitted from the growth at all; however, the 1 percent had rarely prospered more. Kenworthy’s principle did not apply for this period of American history.
Zong Qinghou (11 October 1945 – 25 February 2024) was a Chinese billionaire businessman, and the founder, chairman and CEO of the Hangzhou Wahaha Group, China's leading beverage company. As of March 2022, his net worth was estimated at US$8.7 billion.