Published: May 25th, 2021,
Last updated: December 19th, 2022
According to an estimate, the number of millionaires in the People’s Republic will double in the next five years. By 2025, the number of private individuals with investable assets of at least ¥10 million (around $1.5 million) will rise from more than two million to five million. This is reported by the news service Bloomberg and refers to a forecast by the major bank HSBC. According to the report, the middle class will also grow from around 340 million to 500 million people during this period.