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How many Chinese are millionaires?

How many Chinese are millionaires?

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Asked by J. Pollock, Last updated: Dec 18, 2019

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E. Stanley

E. Stanley, Technical writer, Indianapolis

Answered Nov 02, 2018

As of 2016, there are about 1.34 million millionaires in China. That’s just in China. There are probably quite a few that started in China but had moved out by the time that survey was taken. China has a population in the billions, so it’s a good percentage - about 9.7% of the population at the time. This is because China has an odd economy. To get anything done, businesses have to grease the wheels. Locals have to grease the wheels for favorable policies. Corruption is ri...Read More
 

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