2017 CHINA MARKET OVERVIEW – THE RICH
Although China’s economy growth has slowed down over the past year, the number of high-net-worth people in China continued to grow at a double-digit rate, reaching 1.34 million by 2016, an increase of 10.7% over the previous year.
Among the high-net-worth people in China, the proportion of business owners and gold-collar workers is the largest, and they are mainly distributed in East China, North China, and South China, with the family structure dominated by the core families (couples and children). Beside work, the most interested topic for China’s high-net-worth people is financial investment. As the most important way to maintain healthy physical fitness and preserve health, sports are increasingly concerned by high-net-worth individuals. In addition, tourism is still the main form of entertainment for high-net-worth individuals.
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