CHINA - The New Capitalists

ByteDance founder Zhang Yiming reclaimed the top spot on a list of China’s richest people, driven by his company’s push into artificial intelligence.

The number of billionaires based on their net worth in U.S. dollars rose to 1,176, up 155 people—176 more than in the U.S. That was slightly below the 1,185 people in 2021.

AI is the biggest single wealth engine on the list: 160 people—one in 10—now make their money from AI, said Rupert Hoogewerf, Huran Report chairman.

China said its economy grew 4.5% in the July-September quarter from a year ago, fueled by robust exports, moving closer to meeting its official annual growth target for 2026.

-www.cbsnews.com, 27 October 2026

Commentary: When reading the news, one notices the West’s strong opposition to China, placing limitations, tariffs, and other stumbling blocks for China’s general economy. Yet, year after year, China’s industrial—and in this case, high-tech—power continues its growth. Artificial intelligence seems to be the key to the immediate future.

At this point in time, America is the undisputed leader when it comes to high-technology, yet another article states: “Scholarly research and talent: China publishes the highest volume of AI-related research papers and trains nearly half of the world’s top AI researchers,” according to the New York Times.

In summary, from our perspective, we see East and Southeast Asia arising. What will be the future? Doubtless, equality, or as the motto of the EU says, “United in diversity.”

When it comes to inventiveness, there seems to be no end. The often-repeated statement, “The sky is the limit” is going full speed ahead.

What we (elderly people) thought 60, 70, or even 80 years ago as being impossible, has now become reality.

Yet in the end, the fulfillment of Bible prophecy will take place: “And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate” (Revelation 18:19).

(See Revealing Revelation, Item #2394, $17.99.)