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":"b7aacf35ca6d0e87053bb82f478d0f4e","s":"d1f2d9fab5531055"}
Share your thoughts. Click here