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":"d21850a3bb73d35bdb39069c49206a93","s":"b7a99e5fd757512a"}
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