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":"bde4edb6e352d76c017ca5a788e86956","s":"b6bac4694e8101b5"}
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