CHINA’S economic boom in recent decades has created a group of billionaires who amassed wealth at dazzling speed, but who are finding themselves targets in the country’s opaque political and economic system.
Xiao Jianhua, who with his wife ranked 32nd on the Hurun China Rich List 2016 with about US$6bil, is the latest tycoon to be snatched by China’s opaque law enforcement machine. Sources told the South China Morning Post that Xiao is in mainland China assisting with investigations.
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