The Year of the Rat takes a bite from China's billionaires
The Year of the Rat has been challenging for China's billionaires as well.According to Forbes: "the combined net worth of the 400 richest [Chinese] dropped to $173 billion from $288 billion."Liu Yongxing, president of East Hope Group, is now number one in China as his wealth has risen from $0.6 billion to $3 billion.