Yixin Wealth (Credit Ease) and the Lianban Finance Institute recently released a report on the distribution of wealth in China. According to the report, the top 10 percent of the population owns 63.9 percent of the wealth in China.
From 2011 to 2013, the assets of Chinese families increased by 19.6 percent; of those, housing assets grew by 26.8 percent.
The top five percent of families each has a net worth of at least 2.62 million yuan, while the top one percent of families each has at least 7.39 million yuan in net worth. The annual income of the top five percent is at least 452,100 yuan per family and the top one percent averages 1.15 million yuan in annual income per family.
Over 56 percent of the top one percent of families are entrepreneurs while 37 percent the top five percent of families are entrepreneurs. About 78 percent of the top five percent of families live in eastern China.
Source: Beijing Times reprinted by Xinhua, February 27, 2014