Why is China losing its billionaires?

The number of China's dollar billionaires has fallen by 36% in the past three years to 753, Hurun reported. "China's economy and stock markets had a difficult year," the report said, while China's e-commerce billionaires have been badly hit by crackdowns. Wealthy real estate developers have been decimated by a collapse in China's once-booming property market due to regulatory changes.

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