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":"065286d1f0321cc1ac2db52ecae05304","s":"5a65200638e056e9"}
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