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Who Is Xu Jiayin? Real Estate Tycoon Becomes China’s New Richest Man

Xu Jiayin, founder of Evergrande Group — one of the most aggressive property developers in China — has become the country’s richest man, according to a survey released Thursday by The Hurun Report, which tracks wealth in the country. Jiayin, 59, also known as Hui Ka Yan, surpassed real estate and entertainment magnate Wang Jianlin off the top of China’s rich list to become the country’s wealthiest man.  Jiayin’s wealth quadrupled to US$ 43 billion in 2017, according to The Hurun Report. The report’s list of wealthy people in China points toward a dynamic economy fueled…

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China’s Imports From North Korea Fall Nearly 38 Percent in September

China’s imports from North Korea fell 37.9 percent in September from a year earlier, marking the seventh consecutive month of decline, the customs office said Friday. China-U.S. ties have been strained by President Donald Trump’s criticism of China’s trade practices and by demands that Beijing do more to pressure North Korea over Pyongyan’s nuclear and missile programmes. China’s exports to North Korea in September dropped 6.7 percent from a year ago, a spokesman for the General Administration of Customs told a briefing, adding no seafood imports from North Korea were…

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