Where China’s New Rich Are Putting Their Money

The Chinese Luxury Consumer White Paper 2012 was released on Tuesday, and revealed that China now has 2.7 million people with personal assets of more than 6 million yuan ($950,000). Forbes finds that China’s new wealthy...

China to Have Half of Asia’s Millionaires: Report

According to a study by Julius Baer Group and CLSA Asia Pacific Markets, China’s millionaires will account for half of Asia’s rich as well as hold more than half of the wealth in the region by 2015. From Bloomberg:...

See No Fortune, Hear No Fortune

Evan Osnos’ Letter from China at The New Yorker accuses authorities of “papering over” enormous and growing inequality, rather than taking serious steps to address it. A couple of months ago, the Beijing...

China Millionaires Leap Past 1 Million

As the wages of China’s legions of migrant workers begin to rise, so to do the numbers of millionaires. In 2010, the number of millionaires in China rose by 31% over the preceding year. From Bloomberg: Millionaire...

China Has 340,000 Millionaires

CRI English reports: China had 340-thousand millionaires in 2009, the fourth highest number in the world in spite of an 11 percent decrease from the year before, according to the 2010 edition of “The Wealth Report”...

More Than 450,000 Millionaires in China by Year-End

From the Times of India: The personal wealth of the rich in China has continued to expand despite the global economic downturn, and a new study says their number could cross 450,000 by the year-end. .. “China is arguably...

Matchmaking Party Targets Millionaires – China Daily

From China Daily (by the way, BMW also stands for “be my wife”): A matchmaking party aimed at pairing up millionaire men with beautiful women will be held on a ship on Shanghai’s Huangpu River on November 25. All of the male participants must have assets worth at least 2 million yuan (US$250,000), and all […]



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