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.
{"ct":"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","iv":"4d96a3d4fcac2e300f0ee4ff103aa0a3","s":"a04e3f7dac715b4d"}
Share your thoughts. Click here