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":"7d12cb42544e62d7069e0dc6dec2ab2b","s":"215414ba20c732b5"}
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