Rich List: China dynasties built on bandwidth

China's has generated fortunes at a rate that is the envy of the developed and emerging worlds, much of it produced by far-sighted digital entrepreneurs.

Rich List: China dynasties built on bandwidth
Wang Jianling, Asia's richest man

The People’s Bank of China PBoC loosened monetary policy last year as the country experienced the slowest economic growth since the mid-1990s, amid a property price slump and weaker industrial output. The credit expansion helped fuel soaring stock market prices and also alleviate pressure on highly indebted property developers.

Guangzhou-based Evergrande Real Estate, China’s second-biggest property developer, was a major beneficiary, not least because it had racked up dollar-denominated debt during the previous two years...

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