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09.26.2012 17:39

China's Rich See Decline in Wealth

The annual Hurun Rich List found that many of China’s richest were not as prosperous as the year before, with 37 out of the 1,000 richest people losing at least 50 percent of their wealth
By staff reporter Zhang Huanping

(Beijing) – China's richest entrepreneurs bagged a little less wealth last year amid a slowing economy, according to a recent report by the Hurun Research Institute.

The Hurun Rich List for 2012 found that nearly 50 percent of China's top 1,000 high net worth individuals saw their assets decline. The report also found that 77 percent of entrepreneurs had listed companies which dipped in market value.

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