Millionaires ‘positive’ on economy

Source: Xinhua | 2017-01-20

MORE than 90 percent of Chinese mainland millionaires “are positive on the Chinese economy in the next two years,” according to a latest study.

It was higher than the previous year’s 80 percent.

The percentage of respondents “extremely confident” in the Chinese economy rose to 28 percent from 27 percent recorded a year earlier, the Hurun Chinese Luxury Consumer Survey 2017 showed yesterday.

A record high of 44.5 percent of respondents said they would not consider emigration, revealed the Huron Research Institute’s study, which surveyed 449 millionaires — individuals with a personal wealth of 10 million yuan (US$1.5 million) — in more than 40 mainland cities between September and December, with 60 percent of them in first-tier cities.

As high as 64 percent of respondents estimated a stable rise in housing prices in the next two years.