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":"2d386a59adb063bf15b83308ad7a5dc8","s":"306a67e44c76f142"}
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