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":"9550609d3ac105f6beed9ee67e317bb0","s":"6a92ca67614e6ae5"}
Share your thoughts. Click here