China overtakes U.S. in rankings of world’s richest people
The Guardian reports: The number of wealthy Chinese people has overtaken the number of rich Americans for the first time, according to a report by Credit Suisse. The Swiss bank’s annual wealth survey found there were 100m Chinese people among the world’s top 10% of richest people, compared with 99m in the United States. The report says the “rapid transformation of China from an emerging nation in transition to a fully fledged market economy” helped create a record number of…