- China Business Blog - http://www.chinabusinessservices.com -

The New Rich

There have been a lot of wealthy people in China for quite a long time now – though simplistic reading of per capita statistics continue to convince some that Chinese people are poor. Many still are (though even they are better off than they used to be). But others are getting rich just as fast as many in the West are losing their shirts, as Times of India notes:

But what will these new rich do with their funds, now that the markets are looking less attractive? EU Bankers reports on some research out of China: