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":"32f356b2875ba2d2833e5f65f533529a","s":"722e6bb03731e5ad"}
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