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China's wealth plunge claims billionaires

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Earlier this year, China's raging stock market created vast numbers of new millionaires and billionaires—at least on paper. Now many of the new Chinese paper-rich are folding. Chinese stock markets have plunged 30 percent over the past month, wiping out an estimated $3.35 trillion in wealth. Much of that lost…

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Click here to read the full story: CNBC

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