China’s Nationalist Frenzy Dethrones Country’s Richest Man

China’s Nationalist Frenzy Dethrones Country’s Richest Man
This photo taken on May 6, 2013 shows Zhong Shanshan, chairman of Nongfu Spring mineral water and a separate pharma company, gesturing during a speech at a press conference in Beijing. - Until recently, few people had even heard of the Chinese billionaire with a gruff reputation who built a fortune on China's seemingly unquenchable demand for his ubiquitous red-capped bottled water. Photo by STR/CNS/AFP via Getty Images
Pinnacle View Team
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News Analysis
Amid a rising tide of nationalist sentiment, China’s richest man, Zhong Shanshan, and his bottled water company, Nongfu Spring, have come under fire, facing accusations of a lack of patriotism. The fierce attack by a mob of internet extremists has significantly affected Nongfu’s stock value and threatened future sales.
Pinnacle View Team
Pinnacle View Team
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