China’s largest oil producer defended plans for a chemical plant in southwestern Sichuan province, saying it will improve air quality by providing higher-standard oil products and curbing car-emission pollutants.
Smoking a Cohiba cigar inside his suite at the Visun Royal Yacht Hotel, billionaire Wang Dafu, the chairman of property developer Visun Group, gazed down at the marina he built on southern China’s Sanya Bay and described his perfect day.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Tencent Holdings Ltd.’s rally has put the wealth of its chairman, Ma Huateng, above that of Baidu Inc. counterpart Robin Li, making him China’s richest Internet executive, according to the Bloomberg Billionaires Index.
Owners of Volkswagen AG’s cars in China have reported instances of abnormal vibrations, loss of power and sudden acceleration, state-owned China Central Television said in its annual consumer rights program.