News Snapshot:
A moment of pity for the uber-wealthy. According to the Hurun Global Rich List, China has more billionaires than any other country. But it is also the place in which the monied must watch their back. On Friday, Fu Xiaodong, a former senior official at China Development Bank, was sentenced to 10 years in prison for accepting 4.3m yuan (£503,466) in bribes during his tenure between 2007 and 2020. Days earlier, the former director of the supreme people’s court enforcement bureau was sentenced to 12 years in prison for accepting bribes worth 22.74m yuan (£2.65m). Meng Xiao was found guilty...
