China's rich number of Chinese billionaires to catch the U.S.

Capgemini, a global wealth management company and advisory body at Merrill Lynch, a luxury consumer, recently unveiled the 2009 World Wealth Report. The report showed that 2008 saw a sharp drop in global wealth by 15%, the biggest decline since 13, when the agency published its annual report. But the number of mainland Chinese billionaires surpassed the UK for the first time, rising to the fourth place in the world, even overtaking North America in 2013.　　However, analysts said that the number of Chinese rich "super Britain to drive the United States" does not represent the overall wealth of the country, and its behind the extension of some social problems. The number of wealthy people in 2013 is expected to exceed the impact of the financial crisis in North America, the 2008 global net assets of more than 1 million U.S. dollars significantly reduced 15% to 8.6 million. "Net assets" means an investment asset that does not include non-current assets such as major dwellings, automobiles or collectibles.　　The total wealth of these wealthy people shrank by about 19.5% per cent to $32.8 trillion trillion, with the "super-rich" with net assets of more than 30 million dollars losing more ——— the number of people falling by 24.6% and the total wealth shrinking by 23.9%. The global rich are still very concentrated, as revealed by the distribution of the world's rich. The top three in the US, Germany and Japan accounted for 54% of the world's richest population, with 2.5 million in the United States and 28.7% in the total. The report said that although the number of Chinese mainland high net worth fell by 11.8% to 364,000 people, but because the UK fell 26.3% to 342,000 people, so China overtook the United Kingdom, ranked fourth in the world. The number of wealthy Chinese in Hong Kong has fallen by 61.3%. The BBC quoted Figure borned, head of Greater China for Merrill Lynch Wealth Management, as saying that the Asia-Pacific region will become a key personal wealth resource in the near future.　　By 2013, the number of high net worth in mainland China is likely to overtake North America. China's rich personal consumption contribution the BBC argues that the number of Chinese billionaires is higher than in the UK, largely because of the recession in the west, which has allowed rich countries to shrink. The Daily Telegraph of London commented that China's ranking in the World Wealth Report was "relentless", surpassing France for more than 2007 years and now surpassing Britain.　　The financial crisis has had a greater impact on the UK, with the collapse of the financial services industry, the stock market and the real estate industry plunging the number of British millionaires. The Wall Street Journal 26th commented that if the number of Chinese millionaires falls behind many countries by population average, China's millionaires are less than half the size of Germany, even in absolute terms. But the report shows that China's contribution to personal consumption is even greater than in the United States, with rising car and property sales proving China's confidence in the domestic economy is growing. Www.pr-inside.com, a German news website, commented that the financial crisis had little impact on Chinese millionaires, and that 82% of the Chinese rich did not change their lifestyles because of their confidence in the domestic economy. The Chinese believe that in the next 6 months to a year, China will completely rid itself of financialCrisis and return to the path of rapid development.　　Professor Luxueyi ed., former director of the Institute of Sociology of the Chinese Academy of Social Sciences, said in an interview with the Global Times that China's economic development is a matter of time when the number of Chinese billionaires overtook the United States. "Quantity" is not equal to "quality" the US Newsweek commented that while the number of wealthy global billionaires fell back to 2005 levels, it can be expected that the number of new millionaires in emerging markets, such as China, is expected to return. But as the number of millionaires in China has risen, the debate over social inequities will be more intense.　　The Gini coefficient, which measures the gap between rich and poor, is rising in China. The Asia Times also argues that the excessive concentration of China's wealth is a concern that China is the world's fastest-growing luxury-goods sales, and the extent of the profligate is shocking. On the other hand, a large number of people live below the poverty line. Data show that 0.4% of China's households have 70% of the national wealth. In recent years, the social "hatred" mentality has brought a lot of destabilizing factors. In addition, analysts questioned that China's rich population is rising, but the quality is still not high. Over the past decade, the American rich have donated more than 200 billion dollars in charitable donations, including Bill, the world's richest man.　　Mr. Gates announced his donation of all his personal wealth to charity, and Warren Buffett donated more than 85% per cent of his personal assets, while the philanthropy of the Chinese rich has "just begun". Cai Zhizhou, a researcher at the Center for National Economic Accounting at Peking University, told Global Times he questioned "0.4% of households have 70% of the national wealth" statistics, but China in the rapid economic growth period, there is indeed a problem of wealth polarization: the widening gap between urban and rural areas, residents, governments and enterprises, The proportion of income earned by residents is gradually decreasing, and there is a tendency of income disparity enlargement in the residents ' part. Income distribution is a long-term result and it will take some time to revise it. Once a country enters a developed society, its income distribution problem will be gradually improved. Lu also said that as China's economic development, the introduction of European and American property tax and other means, these problems will be resolved gradually.