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Thursday, October 12, 2017

China's richest man built fortune even as debt mountain climbed

Named the richest man in China on Thursday with a net worth of $43 billion, property tycoon Xu Jiayin is likened by some media to Donald Trump, having built his fortune on a real estate business that has blossomed under a mountain of debt. The 59-year-old Xu’s China Evergrande Group has a market...

China's richest man built fortune even as debt mountain climbed

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