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":"1a270864ac8b3fa376599f45057051c6","s":"ab32a1199e8840ea"}
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