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200 to 300m living on US12,000 a year was what was quoted. China...

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    200 to 300m living on US12,000 a year was what was quoted.

    China has over 400,000 millionaires owning at least US$1 million in liquid assets (Shanghai Daily June 27, 2008). This is growing at the fastest rate in the world, and the fastest rate in history.

    It also sites above the UK in the billionaires rankings.
 
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