China’s wealthy families exceeded 5 million in 2020; there are their desired brands

The number of "wealthy families" with at least 6 million yuan (about US$930 thousand) assets in China exceeded 5 million for the first time in 2020, an increase of 1.4% over the previous year, according to Hurun Research Institute.

Beijing is still the area with the most "wealthy families" with assets of at least 6 million yuan, with Guangdong and Shanghai ranking second and third.

For the first time, the number of "wealthy families" exceeded 5 million, an increase of 1.4% over the pre...