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":"43b599daa0b22ba447d7f3826493cf2f","s":"c0401b411c669c46"}
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