MEET THE AVERAGE CHINESE MILLIONAIRE

- there you go Slammer in a cubicle, this info will get you all excited! 50% of Chinese millionaires are business owners.

Hurun Report and GroupM, a Chinese think tank, just released a report analyzing millionaires across China.

The most interesting findings:

There are 1.02 millionaires across mainland China, an increase of 6.3 percent over the previous year. The report also estimates that for every "known" millionaire, another two exist under the radar. Beijing is home to the highest number of wealthy individuals, with 179,000 millionaires and 10,500 super-rich (worth $16 million or more).

The average Chinese millionaire is 39 years old, and 60 percent of them are male. They have, on average, two private bank accounts, three cars, and 4.2 luxury watches. They spend eight days a month on business trips and go on three international trips per year.

50 percent of Chinese millionaires are business owners, 20 percent are professional investors, and 15 percent each are real estate investors and high-level senior executives.

Among Chinese billionaires, horseback riding is becoming increasingly popular.

More than 85 percent of millionaires plan to send their children abroad for education. Schools in the US, UK, and Canada are most desirable.

63 percent of Chinese millionaires own an iPad, up 4 percent from last year. They are more popular than iPhones among millionaires.

Among Chinese millionaires, the most popular collectible is watches. They own an average of 4.2 watches, while the super-rich own, on average, 5.6 watches. The second most popular collectible is Chinese traditional calligraphy and paintings.

http://bit.ly/N6Wdd6

"The 19th century was the century of the UK , the 20th century was the century of the US, and the 21st century is going to be the century of China."

agreed

"The 19th century was the century of the UK , the 20th century was the century of the US, and the 21st century is going to be the century of China."

I have a bad feeling this is going to be true. Actually, I've been saying that here on TNL for a while. Nobody seems to believe me that China has not abandoned their historic hegemonic attitudes, they have just been biding their time for a while.

JMT's quote is spot on.

4 years ago.....

China certainly has alot to improve with personal liberty, but they are leaps and bounds beyond the old China so at least they're going in the right direction. America, on the other hand, is going backwards. Their economy is comparable to the way ours used to be, back when our people produced the goods and we were the largest creditor nation for the world. Today, that distinction belongs to China.

The U.S. dollar was only chosen as the world's reserve currency because we were a creditor nation, had a trade surplus, a high savings rate, our currency was backed by gold, and we were not running budget deficits. Today, we're a debtor nation, have the largest trade deficit in the world, a negative savings rate, no gold backing, and huge budget deficits. The only country today that comes close to what we used to be is China, minus the gold standard.

http://forum.talknightlife.com/viewtopi ... 49&p=39248

So any plans to travel to China then?

I've been twice now and I love China. Amazing history, amazingly cool people, amazing culture, cheap prices, tons to see and do and they made me feel at home and welcome there.

I've been twice now and I love China. Amazing history, amazingly cool people, amazing culture, cheap prices, tons to see and do and they made me feel at home and welcome there.

Even with those positives, this is still a country with 1.4 Billion People and still growing. They are still Communist and have Internet Censorship, Government Corruption, Income Inequality (where more than half of their people still live, like they are in the 13th Century), some of the worst polluted cities in the world.

Most of the people that visit China, dont ever get to see the real China because they go to the tourist areas and metropolitan cities.

Well, even if you do go outside the tourist areas, which I am sure Dade did, no doubt the people there are just as nice and friendly as anywhere else. Just because the government is despotic and evil does not mean the populace is. They are just folks trying to make it in a tough situation.

Well, even if you do go outside the tourist areas, which I am sure Dade did, no doubt the people there are just as nice and friendly as anywhere else. Just because the government is despotic and evil does not mean the populace is. They are just folks trying to make it in a tough situation.

We went to the rural areas, the border with Mongolia, Shangri-la, the big cities and we didn't use tour guides for any of it. I never met a person who felt oppressed. I never met a person who hated the government. In fact, even the poor people who live like they're in the 13th century seem healthy and happy. We judge them by our standards and that's why we don't have perspective on how they feel. They don't fear or hate Communists. They don't know what Internet freedom is, so they don't lament the Internet censorship they live with. They've got more today that they've ever had and that's all they know.