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":"dfcb1f5a6c22f85198fad20e0ee0746e","s":"1c4964ea6ac9a57c"}
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