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":"fb8a998d23f51f7f4af6496d82bc7431","s":"bafae4fbba3d13c4"}
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