LINE

Text:AAAPrint
Economy

Chinese economy keeps its radiance

1
2018-01-26 10:57shine.cn Editor: Huang Mingrui ECNS App Download

Nearly 50 percent of Chinese millionaires remain "extremely confident" in China's economy, according to the latest Hurun Chinese Luxury Consumer Survey 2017.

The proportion of the millionaires who are "extremely confident" in the Chinese economy rose to 46 percent from 28 percent from a year ago, the survey revealed.

Those who said they have "no confidence" in the Chinese economy fell to six percent from nine percent a year earlier, the survey added.

The survey was conducted among 463 individuals with a personal wealth of 10 million yuan ($1.5) each and 64 percent of them have assets worth above 100 million yuan.

Real estate is still the most favored investment for China's millionaires because 24 percent of respondents would invest in it, while 22 percent said they would choose equities. The millionaires are also more keen on fixed income wealth management products and mutual funds compared to a year ago.

The survey also revealed that over the next three years, overseas investment and art collection will see higher interest from the millionaires while bank savings will wane as an investment choice.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.