The Hurun Research Institute released its “2026 Hurun Best of the Best – China High-Net-Worth Individuals Quality of Life Report,” which surveyed 470 Chinese individuals with assets exceeding 10 million yuan (US$1.44 million), including 70 respondents with assets above 100 million yuan.
The report found that economic confidence among China’s wealthy has declined for the fourth consecutive year, with the confidence index dropping to 5.4—its lowest level since 2012. Only 26 percent of respondents said they were highly confident about the economy, while 59 percent described themselves as moderately confident. By comparison, confidence levels were higher during previous periods of economic stress, including the global financial crisis and the COVID-19 pandemic, and reached a peak of 7.2 in 2022.
Looking ahead, high-net-worth Chinese households expect to reduce annual discretionary consumer spending by an average of 242,000 yuan over the next year.
Source: Central News Agency (Taiwan), January 31, 2026
https://www.cna.com.tw/news/acn/202601310174.aspx