China Loses One-Third of Billionaires; Apple Boosts iPhone Production in India | China in Focus
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China is losing a third of its dollar billionaires in just three years. Plus, we take a look at who made the country's top ten list this year, with many of them facing controversies in the United States. The United States is cracking down on investments in China’s tech sector, with new rules targeting AI and other areas. Senators are urging the Biden administration to close a loophole used by Chinese drug dealers. They say the criminals are using a duty-free program to smuggle fentanyl chemicals into America. China has detained a South Korean national on suspicion of espionage. The case is highlighting Beijing's tightened control over foreigners living in the country, as an expanded anti-spy law gives authorities even greater power.