The number of Chinese millionaires with personal
wealth of more than 10 mln Yuan (1.5 mln USD) reached 383 000, according to the
"White Paper" of Chinese millionaires published by Forbes Magazine
and China Construction Bank.
"White Paper" shows that many of China's new rich people have earned his fortune in trade and production. The main source of their wealth remain real estates. Due to the increasing value of dwelling in the past 10 years, nearly 11.6% of new millionaires have managed to accumulate their fortunes with investments in this market. This partly explains the still rising property prices in the country despite the global financial crisis.
Most millionaires are located in Guangdong province (southern China) - 80 thousand. Following are the millionaires from East China Jiangsu and Zhejiang provinces and the megalopolises Beijing and Shanghai. Total in these five areas live 53 percent of Chinese millionaires.
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