{"id":47793,"date":"2009-11-21T13:59:31","date_gmt":"2009-11-21T20:59:31","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=47793"},"modified":"2009-11-21T13:59:31","modified_gmt":"2009-11-21T20:59:31","slug":"more-than-450000-millionaires-in-china-by-year-end","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/11\/more-than-450000-millionaires-in-china-by-year-end\/","title":{"rendered":"More Than 450,000 Millionaires in China by Year-End"},"content":{"rendered":"<p>From the <strong><a href=\"http:\/\/timesofindia.indiatimes.com\/world\/china\/More-than-450000-millionaires-in-China-by-year-end\/articleshow\/5250238.cms\">Times of India<\/a><\/strong>:<\/p>\n<blockquote><p>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. ..\u00a0&#8220;China is arguably the most explosive wealth market in the world, as rising income and a high savings rate will continue to spur development,&#8221; said Frankie Leung, partner and managing director of <a href=\"http:\/\/en.wikipedia.org\/wiki\/Boston_Consulting_Group\">BCG<\/a> Greater China.<\/p>\n<p>He expected the number of millionaires in China to reach 800,000 over the next four years.<\/p>\n<p>But the study showed that millionaire households represented only about 0.1 percent of all households in China, but held nearly half of the total wealth.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>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. ..\u00a0&#8220;China is arguably the most explosive wealth market in the world, as rising income and a high savings rate will [&hellip;]<\/p>\n","protected":false},"author":121,"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":[2,5805],"tags":[4008,695],"class_list":["post-47793","post","type-post","status-publish","format-standard","hentry","category-economy","category-main","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 v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>More Than 450,000 Millionaires in China by Year-End<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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