China has 1m multimillionaires: Hurun Report
Updated: 2012-08-01 03:25
(Xinhua)
|
|||||||||||
SHANGHAI - The latest edition of the Hurun Report issued Tuesday indicated that the number of multimillionaires in China reached 1.02 million as of the end of 2011.
The report said that Chinese individuals with more than 10 million yuan (1.6 million U.S. dollars) broke through the one million mark for the first time.
There are 63,500 billionaires among these individuals, it said.
According to the report, 84 percent of wealthy individuals are concentrated in the eastern, northern and southern regions of China.
The report said Beijing is home to the greatest number of wealthy people, with 179,000 multimillionaires.
Rising property prices and a fast-growing GDP were a key driver for growth in the number of Chinese multimillionaires in 2011, according to the report.
The report said Hong Kong, Taowan and Macau are not included in the statistics.
The Hurun Report, founded by Rupert Hoogewerf, is a magazine best known for its China Rich List, a ranking of China's wealthiest individuals.
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |