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gucci Yao started his own wine company last year, and launched a winenamed after himself at a charity auction in November. Hoogewerf said the difference between Chinese entrepreneurs andtheir foreign counterparts is that most Chinese entrepreneurs"built up their wealth totally depending on themselves". He added: "There is a growing trend among the Chinese rich thatthey are more willing to see their children receive an overseaseducation, with about 90 percent of the people interviewed showingsuch an intention. "The percentage with British entrepreneurs is a mere 20 percent.And even in India, where the tradition of sending children overseasfor their studies has prevailed for a long time, the percentage ismuch lower," he said. Hoogewerf added that there are 1.05 million people in China withpersonal assets of 10 million yuan or above.

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