China’s billionaires had a rough 2018 amid slowing economy and rising geopolitical tensions, report finds

Published: 8/11/2019
China’s billionaires had a rough 2018 amid slowing economy and rising geopolitical tensions, report finds
Source: WWW.SCMP.COM

China’s wealthiest citizens had a rough year in 2018, with fewer either becoming or maintaining their status as billionaires due to the country’s slowing economic growth and escalating global geopolitical tensions.The number of Chinese billionaires fell by 48, to 325, last year, according to UBS and PwC Billionaire Insights Report 2019 released on Friday in New York.The report echoed the Hurun Glo

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