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Asia’s Richest Woman Loses Half Her Fortune in Property Crisis

In just seven months, Yang’s fortune has more than halved to $11.3 billion, including a drop of almost $2 billion on Wednesday alone, putting her spot atop the wealth rankings in jeopardy. The swift decline underscores the concerns that China’s mortgage crisis will eventually damage its financial system and funding channels, even for Country Garden, its largest property developer.

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