The growth in the wealth of the richest Chinese was recorded by the bank China Merchants and the consulting company Bain&Company, Xinhua news agency reported on May 23.The joint report of the two companies notes that by the end of 2020, the volume of private assets available for investment in China reached 241 trillion yuan ($37.4 trillion). In the period from 2018 to 2020, wealthy Chinese on average grew richer by 13% per year, according to the news agency "Red Spring".
It is also noted that the number of rich Chinese with a fortune of more than 10 million yuan ($1.55 million) at the end of 2020 reached 2.62 million people. Experts note that the growth of the assets of rich Chinese will continue, as will the increase in the number of rich people in China. The number of wealthy Chinese is projected to increase to 3 million and their total assets to reach 268 trillion yuan ($41.6 trillion) by the end of 2021.
Earlier "NIA-China" informed that 70% of Chinese expected to get vaccinated by year-end.
