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One in 3 Super Rich in China Builds Wealth on Real Estate (The Straits Times, 1 min read) China’s wealthy are twice as likely to have made their fortune in real estate compared with elsewhere according to a survey discussed in this article, with almost 30% attributing wealth to the property sector. Family offices are benefitting as succession planning and wealth preservation move into focus. [Bullish Chinese wealth management]
China: From Imitator to Innovator? (Science Direct, 10 min read) Comparing innovation of Chinese firms with U.S. peers the authors find that policy change had a positive effect on Chinese firms’ research intensity. Chinese companies have not overtaken their U.S. peers yet in innovation, but they have reduced the gap.