Skip to content

Xi’an Evening News: China’s Million Dollar Club Reached a Million

On October 19, 2011, the Credit Suisse Research Institute published its second Global Wealth Report. The report said that the total wealth in China grew US$4 trillion from January 2010 to June 2011, exceeding US$20 trillion. China is ranked second in the world next to the U.S. in total wealth, followed by Japan and France. Of the adult population, 37 percent have a total wealth between US$10,000 and $100,000 per person and 5.8 percent have less than $1,000. Meanwhile, China’s million dollar club broke the one million mark. The wealth of 5,000 of those is over US$50 million, which is second to the U.S.

Source: Xi’an News, October 21, 2011