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