The number of billionaires in China increased by 41 people last year, reaching a total of 358, according to the Hurun Global Rich List published Tuesday, South China Morning Post reported. The growing billionaire count reflects the buoyant property market and rising affluence of the world’s second-largest economy, which has the greatest number of billionaires in the world after the United States. Sixty-four of the Chinese billionaires are from Hong Kong. “The US economic recovery and an [information-technology] boom have driven the world’s billionaires to record levels,” said Rupert Hoogewerf, the chairman and chief researcher of Hurun Report.
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