A strong shift from real estate tycoons to IT-giants marks a shift at China’s economy in the ongoing political meetings in Beijing, says author Shaun Rein of The War for China’s Wallet: Profiting from the New World Order to the South China Morning Post. “China is picking five to 10 private technology companies to make them national champions.”
hejiang province, with its capital Hangzhou, have developed into a preferred destination for billionaires, says Rupert Hoogewerf, founder of the Hurun China rich list. Zhejiang not only passed domestic cities like Beijing and Shanghai, but also Paris and San Francisco in the 2018 Hurun report, writes the Digital Journal.
Hurun by Fantake via Flickr Now real estate and the retail industry might be calling the shots, in ten years time entertainment will be leading in wealth creation, said Hurun or Rupert Hoogewerf at the presentation of the first Hurun rich list for the entertainment industry, according to the People’s