China: number of rich households or individuals by standard 2021 | Statista (2024)

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China: number of rich households or individuals by standard 2021 | Statista? ›

The statistic shows the number of super rich households in mainland China from 2012 to 2021. According to the report, there were around 111,560 super rich households owning assets worth 100 million yuan or more in China in 2021, increased from 107,560 in the previous year.

Number of Households in China

China had 474 million households in 2021. The indicator recorded a year-on-year increase of 0.9% in 2021. Between 2010 and 2021, the indicator increased by 18.2%. The number of households in China was highest in the year 2021 and lowest in the year 2010, between 2010 and 2021.

The number of Chinese millionaires is set to grow from 6.2 million in 2021 to 12.2 million by 2026, the report said, a nearly 97% increase. While the U.S. is set to retain its throne as the country with the most millionaires in 2026—with 27.7 million—it will only be a 13% increase over 2021.

China remained the biggest source of the super rich, with its total number of billionaires standing at 969 as of Jan. 16, 2023, ahead of the United States with 691.

Number of people per household in China 2021, by region

In 2021, the number of people per household in different regions in China varied between 2.32 people in Heilongjiang province and 3.4 in Hainan. The national average was 2.77 people per household in 2021.

The richest 1 percent owned more than one-third of the total national household wealth, while the poorest 25 percent owned less than 2 percent. Housing assets, which accounted for over 70 percent, were the largest component of household wealth.

The United States is the richest country in the world with the highest GDP, as of 2021. China is the second richest country in the world with a $17.734 trillion GDP. Monaco is the richest country in the world when measured by GDP per capita.

Already a member? Millionaires are defined as individuals with personal wealth of over 10 million yuan, and super-rich are defined as individuals with personal wealth of 100 million yuan or above. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022).

Which is the richest country in the world 2021? China is the richest country in the world. It has recently surpassed the United States as the richest country in the world.

Is China considered rich or poor? ›

According to China's National Bureau of Statistics, national gross domestic product per capita reached 85,698 yuan in 2022, or about US$12,741 based on the yuan's average exchange rate last year. That puts the country just slightly below the World Bank's high-income threshold of US$13,205, as of July 2022.

Beijing – the billionaire capital of China

Once again, Beijing is named among the 10 richest cities around the world, boasting a total of 128,200 resident millionaires, 354 centi-millionaires, and 43 billionaires. The official capital city of China, Beijing is the base for many of the world's largest companies.

Introduction. According to data from Forbes, the United States has the highest number of billionaires in the world with a total of 724 billionaires. This is followed by China with 698 billionaires and India with 237 billionaires.

As per projections by IMF for 2021, United States is leading by $6,033 bn or 1.36 times on an exchange rate basis. The economy of China is Int. $3,982 billion or 1.18x of the US on purchasing power parity basis.

Credit Suisse found China's median wealth outpaced Europe's in its 2021 Global Wealth Report. The average Chinese citizen has a wealth of $26,752, around $60 more than the average European. Chinese wealth has surged in the past two decades, with median wealth per adult growing more than eight-fold.

As of 2020, China has succeeded in eradicating absolute poverty, but not the poverty defined for upper middle-income countries which China belongs to. China still has around 13% of its population falling below this poverty line of $5.50 per day in 2020.

The data showed that the population of China maintained a mild growth momentum in the past decade. 2. Population by Household Types. In the country, there were 494.16 million family households with 1,292.81 million persons and 28.53 million collective households with 118.97 million persons.

In 2022, there were an average of 3 people in a family, unchanged from 2021. Census Bureau.

In an ideal Chinese home, three generations (grandparents, parents, and children) of the same family lived under one roof. The head of the household was the grandfather or eldest male. Once the grandfather died, the children divided the household and made their own homes.

In play now in China, where around 70% of household wealth is in property, this phenomenon is weighing on the post-pandemic recovery of household consumption, which Chinese policymakers have vowed to make a more prominent driver of economic growth.

What is considered upper class in China? ›

A score of 0.4, which by most estimates China has surpassed years ago, is indicative of a highly unequal society. By comparison, according to the UNU-WIDER Database, countries such as Germany, Canada, and Japan all have estimated Gini coefficients that hover at just over 0.3.

Driven by industrial production and manufacturing exports, China's GDP is actually now the largest in terms of purchasing power parity (PPP) equivalence. Despite this growth, China's economy remains strictly controlled by its government where there are accusations of corruption, unfair dealings, and falsified data.

Because of its dominance in many areas of manufacturing, such as electronics, machinery, and textiles next to its staggering industrial output, China has edged closer to the crown of the richest country in the world by net worth.

Here are the 10 richest countries in the world: United States - $18.62 Tn. China - $11.22 Tn. Japan - $4.94 Tn.

The Chinese character 富 fù means rich, wealthy, abundant.

The cost of living in China can vary by location and type of purchase. On average, China's cost of living is 45% lower than the U.S according to Numbeo. Rent in China is 60% lower than the U.S. on average. But the cost of items like cars and private school tuition are actually very similar.

Answer: China, the United States, Germany, France, the United Kingdom, Canada, Australia, Japan, Mexico, and Sweden are the world's wealthiest countries, according to McKinsey & Co.

From 2000 to 2019, China's economic rise has increased global wealth immensely. At the same time, China's share of that wealth has increased dramatically. China now accounts for 18% of the world's total wealth whereas the U.S. share has declined to 29%.

Is China considered a Third World country? ›

Third World vs.

For example, in the Western theory, China and India belong respectively to the second and third worlds, but in Mao's theory both China and India are part of the Third World which he defined as consisting of exploited nations.

The most popular U.S. destination for wealthy Chinese moving to the U.S. is Los Angeles, followed by Seattle, San Francisco and New York.

Xinjiang has the highest poverty rate, which is 9.9 per cent. Gansu, Guizhou, Tibet and Yunnan also have a poverty rate above 7 per cent. The average poverty rate in western rural areas in 2017 was 5.6 per cent, much higher than in the eastern and central regions.

New York City wears the crown as the world's top city with the most millionaires in 2023.

Which Country Owes the Most Money to China? Venezuela is the country with the greatest sovereign debt exposure to China, in terms of direct lending (excluding portfolio holdings), according to AidData's 2021 study, totaling $74.7 billion.

Three of the four biggest clusters of billionaires in the world are classic US destinations for the uberwealthy: New York City, Los Angeles, and the Bay Area, which includes the neighboring tech hubs of San Francisco and Silicon Valley. Nearly 163 billionaires reside in those three hot spots alone.

As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).

In this line, data acquired by Finbold indicates that as of April 12, China's national debt amounted to $14.34 trillion, ranking second globally. This value reflects a year-on-year (YoY) increase of $3.81 trillion, or 36.18%, compared to the $10.53 trillion recorded in 2022.

In 2021, the last full year for which Beijing's National Bureau of Statistics offers data, the average Chinese worker earned 105,000 yuan a year, the equivalent of $16,153. The average American worker earned some $58,120 a year, 3.5 times his or her Chinese counterpart — still wide but not what it was.

Is Russia richer than China? ›

China dominates every aspect of the bilateral economic relationship, as a net exporter, net creditor and net investor, despite Russia long being a richer country than China.

After four decades of policy implementations and effective governance, China declared itself successful in lifting 770 million of its citizens out of poverty.

Yet again, the central collective leadership committed itself firmly to poverty elimination, with leader Deng Xiaoping declaring “Poverty is not socialism; socialism means eliminating poverty”. In the pursuit of this goal, Deng Xiaoping opened up China's economy, to massive economic success.

老真天真：The poverty line in the US is USD 15 daily per capita income, while in China, it is RMB 6.3 (USD 0.99). The US poverty standard is 15 times higher than the Chinese counterpart.

Today China is a country of homeowners with more than 90% of households owning homes (87% in urban and 96% in rural China) (Clark, Huang, & Yi, 2019). At the same time, more than 20% Chinese households own multiple homes, higher than many developed nations (Huang et al., 2020).

The United States had 129.9 million households in 2021.

In 2021, around 27.8 million people were estimated to be living in the urban area of Shanghai. Shanghai was the largest city in China in 2021, followed by Beijing, with around 20.9 million inhabitants.

China is a country of homeowners, where >80% all households own their homes (well above the rates for what have been defined as ownership socities in the West) (Clark, Huang, & Yi, 2019).

In 2021, almost 6.5 million new residential properties were built in China, an increase from the previous years. Since the 1998 housing reform, the number of new builds kept growing for more than a decade, before reaching the peak of 7.64 million in 2012.

Do people own homes in China? ›

Ownership rights

In general, rural collectives own agricultural land and the state owns urban land. However, Article 70 of The Property Law allows for ownership of exclusive parts within an apartment building, which endorses the individual ownership of apartments.

Based on Pew's income band classification, China's middle class has been among the fastest growing in the world, swelling from 39.1 million people (3.1 percent of the population) in 2000 to roughly 707 million (50.8 percent of the population) in 2018.

The high rate of home ownership among younger Chinese could be due to the cultural value placed on owning property, relatively high incomes for young people, and the one-child policy allowing parents to devote resources to one offspring, analysts say.

In an ideal Chinese home, three generations (grandparents, parents, and children) of the same family lived under one roof. The head of the household was the grandfather or eldest male.

Gambia and Senegal have the world's biggest households, with an average person living with a dozen or more family members, but living arrangements also are fairly expansive in larger countries, such as Pakistan, where the average individual experiences a household size of 8.5, Nigeria (7.7), and India (5.8).

The official poverty rate in 2021 was 11.6 percent, with 37.9 million people in poverty. Neither the rate nor the number in poverty was significantly different from 2020 (Figure 1 and Table A-1).

China was the world's most populous country from at least 1950 until being surpassed by India in 2023. As of December 2022, China's population stood at 1.4118 billion.

There are 740.5 million males and 703.7 million females in China. The percentage of female population is 48.73% compare to 51.27% male population. China has 36.83 million more males than females. China is at 183rd position out of 201 countries/territories in terms of female to male ratio.

In 2022, about 921 million people lived in urban regions in China and 491 million in rural.