Tuesday, 20 Oct 2020 12:18 PM MYT
The Hurun China Rich List 2020 also highlights China’s accelerated shift away from traditional sectors like manufacturing and real estate, towards e-commerce, fintech and other new economy industries. The combined wealth of those on the Hurun China list — with an individual wealth cut-off of 2 billion yuan — totaled US$4 trillion, more than the annual gross domestic product of Germany, according to Rupert Hoogewerf, the Hurun Report’s chairman.
“The world has never seen this much wealth created in just one year. China’s entrepreneurs have done much better than expected. Despite Covid-19 they have risen to record levels.”
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