A weakening economy, property uncertainties, and changing e-commerce landscape are impacting Chinese wealth creation, according to a study, which revealed that while some benefited, the nation’s economic woes—and the property sector’s downfall, in particular—have dealt a blow to many on the list of rich Chinese. According to the Harun China Rich List 2023 released on Tuesday, with 1,241 people owning more than 5 billion yuan (equal to $690 million), 5 percent, or 64 Chinese individuals, saw their wealth shrink from the previous year, while 15 percent, or 224 people, saw their wealth drop from the high two years earlier. Total wealth dropped 4 percent, to $3.2 trillion, but 522 individuals saw their wealth increase, of which 115 were new faces. For 719 moneyed Chinese, though, wealth remained unchanged, but 179 dropped off the list from last year....Read more https://www.theepochtimes.com/china/changing-economic-landscape-affecting-chinese-prosperity-5515901