Strength in numbers
China Daily | Updated: 2009-09-30 08:26
A total of 55 millionaires are created every day in China, as the nation passed the United Kingdom to rank fourth by millionaire population.
According to consulting firm Capgemini and Merrill Lynch's World Wealth Report issued in June, the rising Asian power had 364,000 millionaires at the end of last year, compared with 413,000 the previous year, or a drop of 11.8 percent, due to the financial turmoil and economic downturn.
Yet the ranks of the rich have not been thinned as much as elsewhere in the world.
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