Even as China 's economy grows , the number of wealthy mainlanders has increased 23 % YoY. This sees the 1.12 million mainland residents have at least 10 billion Yuan ( $ 12 m ) of investable assets . However , Jai Kaing , President of the China Institute of New Supply - side Economics said that the growing number of rich mainlanders could be an indicator of an increasing wealth disparity . Published: 11:45pm, 27 Nov, 2015 “ If the middle class does not expand , it means the income gap is bigger than before , ” said Kaing .
Even as China 's economy grows , the number of wealthy mainlanders has increased 23 % YoY. This sees the 1.12 million mainland residents have at least 10 billion Yuan ( $ 12 m ) of investable assets . However , Jai Kaing , President of the China Institute of New Supply - side Economics said that the growing number of rich mainlanders could be an indicator of an increasing wealth disparity . “ If the middle class does not expand , it means the income gap is bigger than before , ” said Kaing .