China Economy: Hurun points out that the number of wealthy households in China has fallen again in 15 years

According to Hurun’s latest report, the number of wealthy households in China has fallen again over the past 15 years. The main reason for this change is the uncertainty of the global economic environment and the impact of the COVID-19 epidemic.

The Hurun Report further detailed the geographical distribution of wealthy families, pointing out that they are mainly concentrated in China's big cities, especially Beijing, Shanghai and other places.

The impact of the epidemic on wealthy families

The epidemic has had a huge impact on the Chinese economy, and many companies are facing difficulties, which has also affected the wealth growth of wealthy families. Many people have been forced to cut back on spending, resulting in a decrease in their wealth.

Consumption behavior of wealthy households

During the epidemic, the consumption behavior of wealthy households has also changed. They pay more attention to health and safety and increase their consumption of healthy food and healthcare products.

Investment direction of wealthy families

Affected by the epidemic, wealthy families' attitudes towards investment have also changed. They pay more attention to risk control and tend to invest in stable industries and assets.

• real estate
• technology industry
• financial markets

future outlook

Although the number of wealthy households has declined, China's economy will gradually recover as the epidemic is gradually brought under control. It is believed that the number of wealthy families will gradually rebound.