Wednesday, October 31, 2007

Wealthiest Chinese Families

Xinhua News: The 0.1% of wealthiest families in China controls 41.4% of the total properties. The number of families that have more than $1 million properties rises from 121K in 2001 to 310k in 2006. The number places No. 5 in the world, following the US, Japan, the UK and Germany. The world wide figure is 9.6 million (0.7%) families with more than $1 million properties controls 33.9% of the total properties. In other words, the depth of the gap between wealthiest families and the rest of the society in China is 8.5 times deeper than the world average.

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