Thursday, June 10, 2021

China's Wealthy

The wealth gap in China is stark.

While the country's average annual income is 32,189 yuan ($5,030; £3,560), or around 2,682 yuan per month, according to the National Bureau Of Statistics, Beijing has also become home to more billionaires than any other city in the world.

According to wealth tracker Hurun Report, China's rich listers earned a record $1.5tn in 2020, which is roughly half the size of the UK's GDP.

China has surpassed Japan as the leading personal luxury market in Asia Pacific,

 Actress Zheng Shuang was paid around 2m yuan per day for a TV role, totalling 160m yuan for the entire project. Ordinary employees earning 6,000 yuan a month need to work continuously for 2,222 years.

Why it is no longer cool to be a crazy rich Asian in China - BBC News

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