Skip to content
Subscriber Only

China Wealth Growth Shifts Inland, Boston Consulting Study Finds

China’s inland region is seeing faster growth in the number of millionaires than Beijing and the 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 today in a report. Nationwide the figure will grow by 17 percent to 1.74 million, slower than last year’s 30 percent pace.