外文标题：China now home to 1 million 'super rich': Report
BEIJING: The number of high net worth individuals (HNWIs) in China has passed the one million mark for the first time last year following a surge in the "innovative industries" sector, a study has shown.
Defined as having more than 10 million yuan (USD 1.6 million) of investable assets, the country's super rich totalled 1.04 million at the end of last year, or twice the number recorded in 2010, the China Private Wealth Report said.
The annual study is compiled by consulting firm Bain & Co and China Merchants Bank, state-run Shanghai Daily reported.
China's investable assets rose by 16 per cent annually between 2012 and 2014 to 112 trillion yuan last year, the report said, adding that the figure is set to grow to 129 trillion yuan this year.
Many of the "new rich" came from innovative industries such as IT, biotechnology and alternative energy, the report said.
About 80 per cent of them are aged under 50.
Amit Bhattacharjie (Unknown)
INDIA HAS MORE THAN CHINA.
VHP Modi (abroad (on indian visit))
chinese have discipline and very hardworking....indians are born crooks,corrupt and very lazy
Amit Bhattacharjie (Unknown) replies to VHP Modi
CHINESE ARE ALSO LIKE INDIANS, BUT THE PUNISHMENTS ARE HEAVY IN CHINA.
Joker Man (North Pole)
And India is still a home for 1 million 'super-poor'!!!! Thanks to all the hard efforts by Congress in past 60+ years
leatherface (Texas) replies to Joker Man
1 million? That's a huge understatement. 597 million Indians don't have toilets, even if you say that only 20 percent of these are super-poor (again an hugely optimistic number), you can do the math.
Himwant Prasad (Unknown)
Private sector has been a partner in progress of the communist China. But, the socialist India still thinks that private sector is bad. We must understand that we can not progress until we give a conducive environment to the private sector to expand.
govindapanicker gopinathan ()
it can be an eye opener for our politicians ,perhaps a good model for India too.
Suneel K Masur (Blr)
Anil B (New Delhi)
China was on right track since last 30 years and continued to improve its economy. India on the other side had stuck in the name of cast/regional/religion politics. Parties like RJD/JDU/SP/AD/DMK/SS/MNS/CPI/CPIM etc etc...are fore runners
Umesh Rai (Noida) replies to Anil B
you are right. 30 years ago, even 25 years ago there was not much difference between the GDP of India and China. but after then, Chinese came up with series of economic reforms which helped them to grow in double digits for 3 decades whereas India was struggling to touch even 5-6% a year except few years. And today China has GDP of nearly $10 trillion as compared to nearly $2 trillion of India. But this year, so far the growth is good. but it would be a real challenge to maintain this growth or to increase it further.