Updated Statistics on RMB-millionaires

Much more where these came from.

China’s Caixin Online, a financial media group, has come out with some interesting statistics regarding China’s 1% households. Caixin finds the following:

- 19.4 million households comprise China’s 1%.

- That group owns average assets of approximately 3.05 million RMB, or $491,000, and earns annual income of 1.51 million RMB, or $243,000.

- Of those households, 9.8 million (roughly half) households have assets exceeding 5 million RMB ($805,000)

- A lucky 3.7 million households have assets exceeding 10 million RMB ($1.6 million)

http://www.marketwatch.com/story/millions-of-china-households-are-yuan-millionaires-2013-01-15?siteid=YAHOOB