Meet the Young Guns who are the backbone of the country's new business class. In the 90's the government started to foster entrepreneurship….and that's led to a birth of a new generation of entrepreneurs who are hoping to change their country, one company at a time.
Scorpions on a skewer
Taste of China
If you think the Chinese have a taste for all things Western…think again! American companies are back in the kitchen tweaking popular recipes for the eastern market. Just take a look at some of the foods you can find on the streets of Beijing. Skewer of scorpions or seahorse, any one?
Internet Wars in China
China is one of the world's fastest growing Internet markets, where the number of users is expected to surpass the number in the U.S. by 2009. And, in China you don't Google... you Baidu! With 62% of the market share, Baidu has put Google in a position it's simply not used to... second place.
The American Dream
If there's one thing the Chinese middle classes aspire to obtain, it's a piece of the American Dream. It was less than two decades ago that Chinese citizens were permitted to buy their own homes. Now ownership is on the rise and that's a tremendous opportunity for many American companies.
The New Rich
On the outskirts of Beijing is Pine Valley, one of China's most exclusive golf courses. Membership is limited and costs $250,000 a year. This is one way the growing number of millionaires and billionaires in China are living large.