The number of billionaires in China fell by 36%. In the past year alone, the number of dollar billionaires in China declined by 16%, and the collective wealth of the country’s richest people dropped 10%. 🎉
While FT cries crocodile tears, I fail to see the problem here.
https://www.ft.com/content/0895e824-baee-4bcc-bb68-28558050dd48 (https://archive.is/gNdbC)