Data about venture capital funding for new firms shows the US has - at least recently - been overtaken by China.

Venture-backed start-ups are a driver of the high net worth and ultra-HNW clients of the future, building a pipeline of newly-minted wealthy people. It may therefore be a cause of some concern - even taking skeptical reading of numbers into account - that this engine of US capitalism is losing pace to that of China. This story about where the most wealth is being created caught the editors' eyes as the story of this week.