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":"c16467fe2ee961a30437bd386174aac1","s":"04101eefd5de70a2"}
Share your thoughts. Click here