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3Novices:Number of rich Chinese rises nearly nine-fold in decade, survey suggests

The number of rich people in China has risen nearly nine times in a decade, a private survey released on Tuesday showed, as strong growth in the world’s second-largest economy spurred wealth creation.
Chinese with at least 10 million yuan (US$1.47 million) of investable assets hit 1.6 million in 2016, up from 180,000 in 2006, according to the 2017 China Private Wealth Report by Bain Consulting and China Merchants Bank.
The overall value of the private wealth market increased to 165…
June 20, 2017 at 08:24AM http://ift.tt/2tmMyKs
#3Novices #News #OnlineMedia #China 3Novices China

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