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":"fb11d0641d58d0525f603d05fedf40a6","s":"4920c0db18595cbb"}
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