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":"08c023d6ea9dff170a13382defda0d4d","s":"845e7953ccb593da"}
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