A recent survey shows that the newly rich in China are younger than ever.
A study conducted by the Cenozoic Market Supervision Organization shows that 60 percent of the newly rich in China were born in the 1970s and are well-educated.
The survey also categorizes the newly rich, aged from 18 to 45, according to their family incomes. More than 80 percent of the newly rich have an annual family income of 80 to 200 thousand yuan.
See also “China’s new rich learn to flaunt it” from the Guardian.