Research
November 1, 2019
Picture of the Chinese wealthy (2019E). Source: Wealth-X
By Mickey Alam Khan
There are substantially more wealthy individuals in China than previously thought – 46 percent more at the ultra-wealthy level.
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","iv":"8955eb0d8828f9fc0d8f9f3426e8291b","s":"0e2761ec2a0220c5"}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