Rich Chinese increase wealth and spread risk
China Daily | Updated: 2015-06-29 06:41
Wealthy Chinese investors helped fuel the rise in the country's stock markets earlier this year. And their figures are increasing all the time.
Statistics released by The Economist Intelligence Unit Ltd, the research and analysis division of the Economist Group Ltd, found that China will outstrip the United States in 2020 with $53 trillion in assets compared with $27 trillion for the US.
Between 2012 and 2014, the strongest growth revolved around high net-worth individuals clustered in central and western regions of the country, according to the China Private Wealth Report 2015., which was released by China Merchants Bank and management consultants Bain & Co.
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