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":"fc69c773a16f8d5a96e59923ff91f7c4","s":"85ba53597d0fd89f"}
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