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

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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