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Chinese billionaires account for almost a quarter of the world's billionaires, according to business magazine Forbes.

Chinese banks will no longer be the financial source for domestic companies to buy sports clubs, hotels, entertainment and real estate businesses abroad－as the country reforms its outbound direct investment policy to ward off risks－according to analysts.

Chinese and American participants gather for a group photo in front of a bronze statue of Helen Foster Snow in Cedar City, Utah on Tuesday. Snow ventured to Yan’an, China in war-torn 1937 and interviewed top Chinese Communist leaders. [Zhang Yu’an / China Daily]

Chinese authorities have urged local governments to take care of employees in places hit hardest by the epidemic, and offer support such as subsidies for small and medium-sized firms.

Chinese billionaire Jack Ma, the co-founder of the online retail giant Alibaba, said he is donating 500,000 testing kits and 1 million masks to the United States to fight the spread of coronavirus.