News Snapshot:
Beijing now has more billionaires than any other city in the world after bouncing back quickly from Covid-19, according to the Forbes’ 2021 World’s Billionaires List. The Chinese capital added 33 billionaires last year and now hosts 100, said the business magazine. This narrowly beats New York City, which hosts 99 and has previously held the top spot for seven years running. The report said China’s quick response to and containment of the Covid-19 pandemic, and the rise of its technology firms and stock markets, helped it gain the number one spot. The richest person in Beijing is Zhang Yiming,...
