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Heard on the Street: China's rich get wealthy at home

The richest Chinese are making money from sectors reliant on the country's consumers

China's economy is frequently criticised for not being oriented enough to domestic consumption. You won't hear that complaint coming from the country's most well-off.

Among the 1,363 individuals worth over $150m in China, listed by Hurun Report on Tuesday, only 5% have made their fortunes from export-focused businesses. Instead, the richest Chinese are making money from sectors reliant on the Chinese consumer: Zong Qinghou, the head of drinks company Wahaha, heads Hurun's table with a cool $12bn fortune.

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