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Nation's Wealthiest See Riches Skyrocket

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Nation's Wealthiest See Riches Skyrocket CHINA DAILY | HONG KONG EDITION Wednesday, October 21, 2020 | 3 TOP NEWS China calls for India to Traditional lesson HK looks quickly return soldier to team up, By ZHOU JIN and anti-China separatist Lobsang ZHANG ZHIHAO Sangay, head of the illegal “Tibet- grow with an government-in-exile”, and Rob- China urged India on Tuesday to ert Destro, appointed as the so- return a missing Chinese soldier called US special coordinator for Shenzhen apprehended by the Indian Army Tibetan issues. at an early date and jointly safe- “We firmly oppose Lobsang By ELEANOR HUANG guard peace and stability in the Sangay’s undertaking of anti-Chi- in Hong Kong border areas. na separatist activities in any [email protected] The Chinese soldier got lost country and in any capacity, and while helping a herdsman find his are also against officials from any The government of Hong Kong yaks along the border region on country engaging with him in any SAR is mulling policies to explore Sunday night, Foreign Ministry form,” Zhao said. collaboration with Shenzhen, spokesman Zhao Lijian said at a Their meeting violated the US Guangdong province, on innova- regular news conference. commitment and position of not tion and technology, creative China immediately notified supporting the “Tibet independ- industry, higher education and India to assist in search and rescue ence” and not acknowledging the medical services, the city’s chief efforts, and India agreed and “Tibetan government-in-exile”, he executive, Carrie Lam Cheng promised to return the soldier said. It also sent wrong signals to Yuet-ngor, said on Tuesday. once found, Zhao said. India later Tibet separatist forces, he added. Lam said she has asked city notified China that the missing Zhao urged the US to immedi- bureaus to look for inspiration soldier had been found and would ately stop using Tibet-related A traditional Chinese medicine practitioner teaches students about herbs at a primary school in in the 27 newly announced be returned after a medical exam, issues to interfere in China’s Nantong, Jiangsu province, on Tuesday, two days before the annual World Traditional Medicine Day. reform measures and 40 pilot he said. domestic affairs and undermine XU HUI / FOR CHINA DAILY items set out for Shenzhen for “We hope India will keep its the region’s development, and to the next five years by the central promise and return the soldier as stop providing any support for government. The measures soon as possible as a way to fulfill Tibet separatist forces to engage authorize Shenzhen to turn the consensus reached at the sev- in anti-China separatist activities. itself into a pilot demonstration enth round of China-India mili- China will take all necessary area for socialism with Chinese tary commanders’ talks and measures to safeguard its inter- characteristics. jointly safeguard peace and stabil- ests, he added. China opposes and She said Shenzhen and Hong ity of the border areas,” Zhao said. has lodged stern representations Nation’s wealthiest Kong can be the “dual engines” The People’s Liberation Army to the US over its setting up a for the Greater Bay Area and Western Theater Command so-called coordinator for Tibetan jointly build a “twin city econo- expressed a similar position on issues and would never acknowl- my” by uniting Hong Kong’s Monday night. edge such a post, Zhao said. international prestige and Also on Tuesday, Zhao expressed see riches skyrocket Shenzhen’s technical know-how. opposition to a meeting in the Contact the writers at Hong Kong has the “closest United States on Friday between [email protected] ties” with Shenzhen within the More money made in 2020 than in five of Alibaba Group, had $58.5 billion, Bay Area and there is “enormous giving him the crown of richest per- room” for them to push for deep- previous years combined, report shows son in China for the fourth time er integration, Lam said. overall and the third time in a row. As of May, an estimated Growth: US firms welcome He was followed by Tencent’s chair- 160,000 Hong Kong residents By HE WEI in Shanghai Half of those man, Pony Ma, who benefited from had applied for residence per- to tap market, minister says [email protected] on the list live in an expanding share of online gam- mits in Guangdong, and about six large cities — ing and digital business during the 50,000 of them live in Shenzhen, China’s richest individuals have Beijing, Shen- pandemic. Lam said. There are 80,000 From page 1 Business Council, the ministry recorded the biggest wealth zhen, Shanghai, Emerging star performers Hong Kong enterprises in Shen- said in a statement published on increase in 22 years, thanks to a Hangzhou, include Wang Xing, head of food zhen, accounting for 85 percent For the year, China’s GDP is its website. resilient, changing economy and a Guangzhou and delivery service Meituan Dianping, of Shenzhen investments from expected to rise 1.9 percent, US executives participated in booming stock market bolstered by Suzhou. Shen- whose wealth quadrupled to $52 bil- outside the Chinese mainland. according to the latest forecasts by the meeting, along with leaders new growth momentum, as shown zhen’s list of lion. Huang Zheng, CEO of e-com- She said it is time for the two the International Monetary Fund. from the business council, the by the latest Hurun China Rich List superrich grew merce platform Pinduoduo, and Liu cities to expand their collabora- Jack Ma The IMF forecast that the US econ- statement said, adding that Xiao published on Tuesday. the fastest, add- Qiangdong, head of online retailer tion beyond traditional sectors omy would contract 4.3 percent also commented on how there The group, with minimum wealth ing 84 individu- JD, all saw significant wealth accu- such as investment, commerce, this year, and that of the eurozone were good market prospects in of 2 billion yuan ($290 million), als to a total of 275. mulation in a year of contagion, manufacturing and exports, and was expected to fall 8.3 percent. areas such as 5G technology and added $1.5 trillion based on calcula- The number of those boasting when the role of online-to-offline to discover new possibilities in “What is remarkable about new energy vehicles. tions from Aug 28. That’s equivalent personal assets of $1 billion grew to shopping has risen in prominence. fields such as innovation and China’s GDP numbers is that not Qualcomm, based in San Diego, to half the United Kingdom’s annual 878, up from 621 in last year’s meas- A total of 27 people born in the technologies, cultural and crea- only is it the only major economy California, is one of several US GDP, taking them to a total of $4 tril- urement. 1990s made the list, 16 more than tive industries, higher educa- growing, but it’s also the only semiconductor makers that rely lion. That’s more than the GDP of “At this rate, it is expected to see 10 last year. Shenzhen-based Nie Yun- tion and healthcare. major economy which has man- heavily on China for revenue, with Germany, the world’s fourth-largest or more Chinese entrepreneurs chen, 29, founder of popular tea “That is my strategy to help aged to reverse all the COVID-19 66.6 percent of its sales generated economy. break through the $100 billion mark brand Heytea, was the only self- Hong Kong’s economy, not only damage within the year, which there, according to data tracker The Hurun China Rich List within five years,” Hoogewerf said. made tycoon under 30. to recover, but to prosper in the many countries will not be able to Tijori Finance in India. Much of recorded more wealth created this Healthcare overtook real estate Hoogewerf attributed the con- coming years,” Lam said. achieve by the end of 2021,” Tom Qualcomm’s shipments go to fac- year than in the previous five years to become the second-highest spicuous wealth jump to robust Fowdy, a British international tories that assemble smartphones combined, suggesting that “the source of wealth, with 10.9 per- stock market performance. The Learning experience relations analyst focused on Asia, and other products. Its major cus- structure of the economy has cent of the list. Manufacturing led Shenzhen ChiNext had a barnstorm- Stella Man, a 24-year-old wrote on Twitter. tomers include Xiaomi, Lenovo evolved, moving away from tradi- with 23.8 percent, while real ing year, up 70 percent year-on-year. Hong Kong marketing designer, Rob Subbaraman, global head and Oppo. tional sectors like manufacturing estate slipped to third at 10.6 per- Nasdaq was up 48 percent and the said if favorable policies are of macro research at Nomura Micron Technology derives and real estate, toward the new cent, down from 14.8 percent, the Shenzhen main board up 45 percent. rolled out by the government, Holdings in Singapore, was quot- 57.1 percent of its revenue from economy”, said Rupert Hoogewerf, biggest drop since records began “This, combined with a flurry of she is willing to explore career ed on Bloomberg.com as saying China, and 11.9 percent from the Hurun Report chairman and chief in 1999. new IPOs, was the main drive opportunities in Shenzhen or China’s recovery is “an encourag- US, according to Tijori. The Ida- researcher. Jiang Rensheng, 67, chairman behind the record wealth creation other cities of the Bay Area. ing and hopeful message for the ho-based tech company makes While the first two months of the and general manager of Chongqing- on this year’s Hurun China Rich Man said her six-month stint rest of the world.
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