With higher wealth mobility during the pandemic, China’s millionaire population soars

23 October 2020 | 3 minutes read

COVID-19 has induced higher wealth mobility, with more millionaires being created and lost globally over the past few months. China has proven an obvious winner as global wealth distribution reshuffled, recording the highest gain in its millionaire population since the end of 2019, according to Credit Suisse’s Global Wealth Report 2020 has discovered. At a global scale, wealth has very much…

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