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Wealth growth shifts inland from coastal regions

2012-12-21 16:12 China Daily     Web Editor: qindexing comment

China's inland region is seeing faster growth in the number of millionaires than Beijing and coastal regions, where wealth has been concentrated, according to Boston Consulting Group and China Construction Bank Corp.

The number of high-net-worth households in Anhui, Gansu and Hunan provinces will increase by more than 30 percent in 2012, BCG and the lender's private banking unit said on Thursday.

Nationally, the figure will grow by 17 percent to 1.74 million, slower than last year's 30 percent pace.

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