Caixin OnlineBusiness & IndustryTop Stories Industry Nearly 20 Mln Households 'Own Assets of More Than 3.05 Mln Yuan'
01.15.2013 17:32

Nearly 20 Mln Households 'Own Assets of More Than 3.05 Mln Yuan'

Average annual income of the top 1 percent of wealthy households in China is 1.51 million yuan, academics find
By staff reporter Li Yuqian
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(Beijing) – Some 19.38 million households in China own assets of more than 3.05 million yuan each, according to a survey by academics.

Some 9.8 million of those households own assets exceeding 5 million yuan, the survey found, and 3.7 million own assets of over 10 million yuan.

The survey was performed by researchers from the Survey and Research Center for China Household Finance at Southwestern University of Finance and Economics in Chengdu, Sichuan Province.

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