Home Business Why China’s Been Changing Its Mind About Billionaires: QuickTake

Why China’s Been Changing Its Mind About Billionaires: QuickTake

28
0




Chinese President Xi Jinping’s newfound emphasis on promoting “common prosperity” to deal with the large wealth gap in the ostensibly communist nation has led to tough times for some of China’s billionaires. Jack Ma, formerly the richest person in the country, is among those whose net worth has fallen as a wave of new state controls and regulations drove down share prices for some of China’s hottest companies. The government’s campaign is about more than reducing inequality, however. There’s als

Previous articleWhat to watch on Monday: ‘Laetitia’ on HBO
Next articleJake Paul BEATS Tyron Woodley by split decision – UPDATES here

LEAVE A REPLY

Please enter your comment!
Please enter your name here