Updated: 3:41pm, 16 Jan, 2018 Even as China's economy slows, the number of wealthy mainlanders has increased 23% YoY. This sees the 1.12 million mainland residents have at least 10 million yuan ($12m) 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. The Chinese government is also trying to encourage more people from overseas to invest in China.
Even as China's economy slows, the number of wealthy mainlanders has increased 23% YoY. This sees the 1.12 million mainland residents have at least 10 million yuan ($12m) 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. The Chinese government is also trying to encourage more people from overseas to invest in China.