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Number of Millionaires doubles by 2025

The number of millionaires in the People’s Republic will double in the next five years, according to an estimate. By 2025, the number of private individuals with investable assets of at least ten million yuan (around 1.5 million US dollars) will rise from more than two million at present to five million. This is reported by the news service Bloomberg and refers to a forecast by the major bank HSBC. According to the report, the middle class will also grow from around 340 million to 500 million people during this period.

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