CHINA-ECONOMY: CHINESE BILLIONAIRES YOUNGER THAN US COUNTERPARTS
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The fourth edition of the UBS/PwC Billionaires Report reveals that China now has a total of 318 billionaires while the U.S. has 563 and Europe 637. It also claims the average age of a Chinese billionaire in 2016 is 55, compared to 66 in Europe and 67 in the U.S.)
(Comment: The yuan has weakened about 6.7 percent against the greenback since October 25, 2017, while China's economic growth slowed to 6.5 percent year-on-year in the third quarter of 2018.)
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