Mainland Chinese dollar billionaires are a new phenomenon. Today, there are just over 300; in 2000, there was only one.

Unlike in most of the rest of the world, where the newly hyper-wealthy are largely Internet entrepreneurs, Chinese billionaires come from many sectors – even some where we might believe that state-owned enterprises have all the advantages and dominate.

Less than a quarter are from technology sectors. It is not a surprise that many are from the real estate sector.  But we also have billionaires in pharmaceuticals, in autos, in retail, and in basic materials.

I believe we have seen billionaires emerge in more sectors in China over the last decade than in any other major economy in the world.

Read more of my views on my blog, Gordon’s View. And please follow me on Twitter@gordonorr.