> This year, the world’s richest 20 people does not include anyone from China, after Zhong Shanshan — who was in 14th spot in 2022 — dropped out of the list
Wonder if China is making an effort to put a ceiling on wealth accumulation to keep such individuals from having the power to challenge those in control of the government. Seem to recall several stories about high profile Chinese billionaires going missing for periods of time, often rumored to be in government custody. No idea if this is really happening, is a perception someone is trying to push, or just my hazy remembrance of semi-related news from the past couple of years.
This surprised me.
While NPR sketched a pessimistic view of the Chinese economy (https://www.npr.org/2023/12/31/1219801308/china-covid-restic...) the outlook by Vanguard was more rosy (https://corporate.vanguard.com/content/dam/corp/research/pdf...)