Unfair training
China Daily | Updated: 2009-11-14 10:04
For those wanting not only their wealth, but also their family businesses to be inherited, this is disappointing - more than 90 percent of the children of the new rich in the southern boomtown of Shunde are unwilling or unable to take over their parents' businesses.
Therefore, we have been hearing calls for the local government to train the so-called "fu er dai," or literally, "rich second generation," so that they can become competent successors.
We understand the anxiety of those rich dads and moms. After all, besides the universal high hopes Chinese parents place on their sons and daughters, they have sizable family businesses to worry about.
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