China Boss in Peru on $50 Billion Peak Bought for $810 Million

China will gobble up a mountain and relocate a town in its hunger for mineral treasures

(Bloomberg)—The Chinese entrepreneur and the Peruvian shopkeeper have never met. Yet Li Shiping's dream of riches and success in China is uprooting Victor Raul Ancieta's village 18,000 kilometers (11,000 miles) away in the Andes.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.