CRI听力:Live Call-in with Mike Bastin on Chinese Rich

China has produced another 49 more billionaires over the past year, bringing the total number in this country to 128.

Forbes Asia now says of the tycoons with a 10-figure net worth, nine are under the age of 40 and 11 are women.

Also noteworthy is that 10 percent of the 400 richest Chinese on the list get all or part of their fortunes from China's healthcare sector.

Topping this year's list is Zong Qinghou, chair of the beverage giant Wahaha, now worth some $8 billion US dollars, compared with $4.8 billion last year.

Search engine Baidu's founder Robin Li now sit in second here in China with $7.2 billion dollars.

To learn more about the story of the Chinese rich, we are now joined on line by Mike Bastin in Beijing. Mike teaches Marketing and Management at Tsinghua University and specializes in Chinese business culture.