{"id":121462,"date":"2011-05-31T22:12:06","date_gmt":"2011-06-01T05:12:06","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=121462"},"modified":"2011-05-31T22:12:06","modified_gmt":"2011-06-01T05:12:06","slug":"china-millionaires-leap-past-1-million","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/","title":{"rendered":"China Millionaires Leap Past 1 Million"},"content":{"rendered":"<p>As the <a href=\"http:\/\/chinadigitaltimes.net\/2011\/05\/as-wages-rise-in-china-manufacturers-look-elsewhere\/\">wages of China&#8217;s legions of migrant workers begin to rise<\/a>, so to do the numbers of millionaires.<a href=\"http:\/\/www.bloomberg.com\/news\/2011-05-31\/china-s-millionaires-jump-past-one-million-on-savings-growth.html\"><strong> In 2010, the number of millionaires in China rose by 31% over the preceding year<\/strong><\/a>. From Bloomberg:<\/p>\n<blockquote><p>\nMillionaire households jumped 31 percent to 1.11 million in 2010 from the previous year, a BCG Global Wealth Survey released yesterday showed. That puts China in third place for millionaire households, behind the 5.22 million in the U.S. and Japan\u2019s 1.53 million.<\/p>\n<p>China ranks eighth globally for households with assets worth more than $100 million. Wealth in privately held businesses and property wasn\u2019t accounted for in the survey, thereby missing a major chunk of economic assets in the mainland.<\/p>\n<p>\u201cThis grossly underestimates true overall wealth in China,\u201d said Tjun Tang, a partner at BCG in Hong Kong and one of the report\u2019s authors. The survey also excludes works of art, fine wines and yachts, a growing class of assets among China\u2019s well-heeled.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>As the wages of China&#8217;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 households jumped 31 percent to 1.11 million in 2010 from the previous year, a BCG Global Wealth Survey [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,5,38],"tags":[4008,695],"class_list":["post-121462","post","type-post","status-publish","format-standard","hentry","category-economy","category-society","category-the-great-divide","tag-millionaires","tag-wealth-gap","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Millionaires Leap Past 1 Million<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Millionaires Leap Past 1 Million\" \/>\n<meta property=\"og:description\" content=\"As the wages of China&#8217;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 households jumped 31 percent to 1.11 million in 2010 from the previous year, a BCG Global Wealth Survey [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2011-06-01T05:12:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sophie Beach\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sophie Beach\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/\"},\"author\":{\"name\":\"Sophie Beach\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7f19e31b674d57a7dc20aab8e908c663\"},\"headline\":\"China Millionaires Leap Past 1 Million\",\"datePublished\":\"2011-06-01T05:12:06+00:00\",\"dateModified\":\"2011-06-01T05:12:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/\"},\"wordCount\":160,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"millionaires\",\"wealth gap\"],\"articleSection\":[\"Economy\",\"Society\",\"The Great Divide\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/\",\"url\":\"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/\",\"name\":\"China Millionaires Leap Past 1 Million\",\"isPartOf\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\"},\"datePublished\":\"2011-06-01T05:12:06+00:00\",\"dateModified\":\"2011-06-01T05:12:06+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chinadigitaltimes.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China Millionaires Leap Past 1 Million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"name\":\"China Digital Times (CDT)\",\"description\":\"Covering China from Cyberspace\",\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chinadigitaltimes.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\",\"name\":\"China Digital Times\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"contentUrl\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"width\":186,\"height\":177,\"caption\":\"China Digital Times\"},\"image\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ChinaDigitalTimes\",\"https:\/\/x.com\/cdt\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7f19e31b674d57a7dc20aab8e908c663\",\"name\":\"Sophie Beach\",\"description\":\"Sophie Beach is CDT's Operations and Communications Manager. From 2003-2021, she served as Executive Editor of CDT English. She lives in Berkeley, California.\",\"sameAs\":[\"http:\/\/chinadigitaltimes.net\"],\"url\":\"https:\/\/chinadigitaltimes.net\/author\/sophie-beach\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"China Millionaires Leap Past 1 Million","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/","og_locale":"en_US","og_type":"article","og_title":"China Millionaires Leap Past 1 Million","og_description":"As the wages of China&#8217;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 households jumped 31 percent to 1.11 million in 2010 from the previous year, a BCG Global Wealth Survey [&hellip;]","og_url":"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/","og_site_name":"China Digital Times (CDT)","article_publisher":"https:\/\/www.facebook.com\/ChinaDigitalTimes","article_published_time":"2011-06-01T05:12:06+00:00","og_image":[{"width":186,"height":177,"url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png","type":"image\/png"}],"author":"Sophie Beach","twitter_card":"summary_large_image","twitter_creator":"@cdt","twitter_site":"@cdt","twitter_misc":{"Written by":"Sophie Beach","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/#article","isPartOf":{"@id":"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/"},"author":{"name":"Sophie Beach","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7f19e31b674d57a7dc20aab8e908c663"},"headline":"China Millionaires Leap Past 1 Million","datePublished":"2011-06-01T05:12:06+00:00","dateModified":"2011-06-01T05:12:06+00:00","mainEntityOfPage":{"@id":"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/"},"wordCount":160,"publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"keywords":["millionaires","wealth gap"],"articleSection":["Economy","Society","The Great Divide"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/","url":"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/","name":"China Millionaires Leap Past 1 Million","isPartOf":{"@id":"https:\/\/chinadigitaltimes.net\/#website"},"datePublished":"2011-06-01T05:12:06+00:00","dateModified":"2011-06-01T05:12:06+00:00","breadcrumb":{"@id":"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/chinadigitaltimes.net\/2011\/05\/china-millionaires-leap-past-1-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chinadigitaltimes.net\/"},{"@type":"ListItem","position":2,"name":"China Millionaires Leap Past 1 Million"}]},{"@type":"WebSite","@id":"https:\/\/chinadigitaltimes.net\/#website","url":"https:\/\/chinadigitaltimes.net\/","name":"China Digital Times (CDT)","description":"Covering China from Cyberspace","publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chinadigitaltimes.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chinadigitaltimes.net\/#organization","name":"China Digital Times","url":"https:\/\/chinadigitaltimes.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/","url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","contentUrl":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","width":186,"height":177,"caption":"China Digital Times"},"image":{"@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ChinaDigitalTimes","https:\/\/x.com\/cdt"]},{"@type":"Person","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7f19e31b674d57a7dc20aab8e908c663","name":"Sophie Beach","description":"Sophie Beach is CDT's Operations and Communications Manager. From 2003-2021, she served as Executive Editor of CDT English. She lives in Berkeley, California.","sameAs":["http:\/\/chinadigitaltimes.net"],"url":"https:\/\/chinadigitaltimes.net\/author\/sophie-beach\/"}]}},"_links":{"self":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/121462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/comments?post=121462"}],"version-history":[{"count":0,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/121462\/revisions"}],"wp:attachment":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/media?parent=121462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/categories?post=121462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/tags?post=121462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}