On October 18, 2016, a sharply-worded article in the Global Times cited a new report published by UBS and Pricewaterhouse Coopers on October 11, that claimed that due to China's surging economy, Asia is able to create a billionaire every three days. It said of the 113 Asian billionaires, 80 are from China and joined the billionaire ranks in 2015. They account for 54 percent of the global total. It said the report also revealed that China is on a fast track to creating new billionaires: In 2014 and 2015, China accounted for 69 percent and 71 percent of Asia's new billionaires. The proportion was only 35 percent in 2009. Those in the technology, real estate, consumer and retail sectors have been greatly invigorated. The Global Times report questioned the benefits of this expanding billionaire club and whether it meant that China is on a healthy and sustainable growth path? It referred to a Peking University report of earlier this year, which warned that China's wealth and income inequality is getting worse. The study found that one-third of China's wealth is owned by the top 1 percent of households, and the poorest 25 percent only account for 1 percent of the country's wealth. For years, China's Gini co-efficient, a measure of inequality, has stubbornly remained above the level of 0.4, which indicates severe inequality. The article asserted that the "growth in the number of Chinese billionaires, while displaying the stamina of the Chinese economy in one respect, has actually shed light on the risks that might destabilize Chinese society. It said concentrations of wealth at high-levels can push any country to the brink of social disorder" and suggested that "China, as well as many Asian countries, is not learning enough from these lessons. The much-praised performance and prospect of surging economies needs down-to-earth and pertinent re-evaluation. More concrete measures must be introduced to ensure the balance between producing wealth and narrowing the gap between the rich and poor".