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":"5e2f8ce4bcb53de991606e514ec3065b","s":"6c2af65cbe4a9347"}
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