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":"17eba520b99e1af48fc15bcdfa83c745","s":"bb1bac0941f555c0"}
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