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":"77a2586b7edd2e59cc0ce14bd1fd528f","s":"0ecd23ff8b0c49e2"}
Share your thoughts. Click here