The number of billionaires in China rose to 373 in 2017 from 16 in 2006, according to the UBS and PwC report. Photo: AP

Declining markets won’t hurt increase in Chinese billionaires, but an ‘all-out’ trade war will, say experts

  • In 2017, wealth of billionaires globally rose to its highest level, from US$7.5 trillion to US$8.9 trillion, according to UBS and PwC report
  • Almost one in five came from China
Topic |   China economy

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The number of billionaires in China rose to 373 in 2017 from 16 in 2006, according to the UBS and PwC report. Photo: AP
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