By Drew Bernstein
In just a few decades, China produced the second largest population of wealthy and ultra-wealthy in the world. Today, China ranks a fast-rising #2 in both the number of millionaires (2.4 million vs. 7.1 million in the U.S.)* and billionaires (213 vs. 536 in the U.S.) ** globally. China’s top 1% own over one-third of total assets, quite astonishing in a putatively socialist country where most of the largest companies are still state owned enterprises.
In
EB-5 Advisory Services,
Cross Border M&A,
China Real Estate Investment