New study lifts veil on China's most affluent

What does China’s typical “one per cent” look like? According to a recent university study, they live in an eastern Chinese city, have a college degree, run their own business, and make around HK$2 million a year or more.

The top one per cent of Chinese families in terms of wealth make an average 1.51 million yuan (HK$1.88m, US$243,000) per household a year, according to a new study on the country’s wealthy families.

via Business feed http://www.scmp.com/news/china/article/1129253/new-study-lifts-veil-chinas-most-affluent