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China’s elite lost $530B in 2018

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China's wealthy elite lost nearly $530 billion in 2018, according to Quartz.

The report cited ongoing trade tensions with the U.S. and a dip in the country's stock market.

In the Asia-Pacific region, wealth among the rich fell by $1 trillion in 2018, according to French consulting firm Capgemini's 2019 World Wealth report.

Read more from Quartz.

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