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":"f3a4e339da239e91d4e8fd922bd58de6","s":"8b261884719bbea4"}
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