On billionaires in China.

• Author: Rees, Matthew
• Position: Just the facts: TIE's Executive News Service

"China has more billionaires than any country except the United States, as soaring stock and property prices helped to boost wealth among the country's super-rich, researcher Rupert Hoogewerf said on Wednesday."

"The number of Chinese worth $1 billion or more jumped to 108, from 15 last year, growing much faster than in western countries, Hoogewerf said in his 2007 China 'rich list,' which ranks the 800 wealthiest individuals in the country. The average wealth of those on the list doubled from a year earlier to $562 million."

"In a sign that China's economic...