http://www.smh.com.au/world/chinese-millionaires-pass-one-million-mark-20110601-1fghu.html

Chinese millionaires pass one million mark 
Hong Kong 
June 2, 2011 
China has more than a million millionaires as economic growth, savings and a 
strengthening currency helped swell their ranks by 262,000 last year, a survey 
found.

Millionaire households jumped 31 per cent in 2010 from the previous year to 
1.11 million, the BCG Global Wealth Survey showed.

China's number of millionaire households ranks it third, behind 5.22 million in 
the US and Japan's 1.53 million, according to BCG. Still, wealth in private 
businesses and property wasn't accounted for in the survey, thereby missing a 
major chunk of economic assets in the mainland.

The survey also excludes works of art, fine wines and yachts, a growing class 
of assets among China's well-heeled.


Read more: 
http://www.smh.com.au/world/chinese-millionaires-pass-one-million-mark-20110601-1fghu.html#ixzz1O3VZNDND


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