Xi puts the willies up China's super-wealthy

The Chinese president's crackdown on corruption and excess is not doing much for wealth creation in the country, if the latest Wealth-X and UBS report is anything to go by.

Xi puts the willies up China's super-wealthy

Chinese president Xi Jinping’s crackdown on corruption and excess is clearly worrying the country’s wealthy, especially if the latest Wealth-X and UBS report is anything to go by.

China ranks a lowly 14th among Asian nations in terms of the growth in number this year of so-called ultra high-net-worth individuals UHNWIs people with $30 million or more in net assets. It is also an unimpressive 15th for wealth growth.

“Although Chinese...

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