Posts From King World News

China's richest man: time for gov. to abandon high growth rate 'fantasy'

China’s richest man said on Thursday the government needs to give up any “fantasy” of maintaining high economic growth rates, unusually bold comments at a time when Beijing is grappling to contain a market meltdown that has hammered global equities. Billionaire Wang Jianlin, speaking after his company Dalian Wanda Group said it had bought World Triathlon Corp (WTC) for $650 million, added that the key was whether economic growth is