It hasn't been a good year for Jack Ma – or for his billion-dollar fortune. Three countrymen have overtaken the Alibaba founder in the rich ranking. The richest Chinese is now 66-year-old Zhong Shanshan. He made his money not with a tech company or real estate but to a large extent with mineral water.
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The US gaming platform Steam was launched in China a few weeks ago. With a dramatically slimmed-down supply. Although China has the largest market and the world's largest gaming company, the hobby is unpopular with the authorities and subject to a variety of restrictions. Foreign companies, meanwhile, run afoul of their Western buyers when they bend to Chinese regulations and restrict gamers' freedom of expression.
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In China, too, there is hardly a political topic as emotionally discussed as the high housing and rental prices. The new Five-Year Plan addresses the issue and promises more affordable housing. Despite rapidly rising prices, the burst of a bubble is considered unlikely. Beijing is too worried that social unrest could occur in such a case.
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Auch in China gibt es kaum ein politisches Thema, das so emotional diskutiert wird, wie die hohen Wohnungs- und Mietpreise. Der neue Fünfjahresplan nimmt sich dem Thema an und verspricht mehr günstigen Wohnraum. Dass trotz rasant gestiegener Preise bald eine Blase platzt, gilt als unwahrscheinlich. Peking sorgt sich zu sehr, dass es dann zu sozialen Unruhen kommen könnte.
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