Business
China’s sharemarket boom mints billionaires at record pace – The Australian Financial Review
This year’s Hurun China Rich List highlights the country’s accelerated shift from traditional sectors to e-commerce, fintech and other new economy industries.
More wealth was created this year than in the previous five years combined, with China’s rich-listers adding $US1.5 trillion, roughly half the size of Britain’s GDP.
Booming sharemarkets and a flurry of new listings have created five new dollar billionaires in China a week for the past year, Hoogewerf said in a statement.
“The world has never seen this much wealth created in just one year. China’s entrepreneurs have done much better than expected. Despite COVID-19 they have risen to record lev…
-
Noosa News11 hours agoMega-team of heavy horses sets world record at Good Old Days Festival
-
General15 hours agoEnglish springer spaniels Kelly and Milo helping fight dieback in Western Australia
-
General14 hours agoHomicide Squad investigating ‘suspicious’ death of 84yo woman in Sydney suburb of Melonba
-
Noosa News20 hours agoWhat time does the NRL grand final kick off? When is the NRLW grand final?