China's fake moon idea shows why it's the boss in minting tech billionaires

A burgeoning tech industry and startup culture that's poised to challenge Silicon Valley has been the engine for much of China's wealth creation

In the Sichuan city of Chengdu, Chinese rocket scientists are planning to suspend a man-made moon bright enough to reduce the need for streetlamps.

It’s exactly that kind of ingenuity that has helped the world’s most populous nation churn out new billionaires at a prodigious clip, according to John Mathews, head of ultra-high net worth in the Americas for UBS Group AG.
 

The combined wealth of China’s billionaires surged 39 percent to $1.12 trillion last year, as the nation’s buoyant markets generated two billionaires a week on average, according to Friday’s Billionaires Report from UBS and PricewaterhouseCoopers LLP. That’s more