10 Chinese City Where the Millionaires Live

Bloomberg Business Week , has released its latest research Whealt Hurun Report . Thanks to the details provided by the Hurun Research Institute has been possible to establish a ranking of the top ten Chinese cities where the millionaires live.

The results of the research show that there are more than 1 million of millionaires in China and their ranks grew by 3.8% compared to last year. Also according to Hurun Report Whealt , 15% of millionaires have made ​​their fortunes in real estate market. In Beijing there are 192,000 millionaires, or 17% of China's total. Shanghai comes in second with 159,000, followed by the southern city Shenzhen with 50,400.

10 Chinese City Where the Millionaires Live With Richest Business People

10. Dongguan

The city of Dongguan is located north east of the Pearl River. The brands are not many, if compared with those of the surrounding towns. However, there are international industries.

9. Suzhou

The Chinese city is situated along the bank of the Yangtze River. It is famous throughout the world for its stone bridges, pagodas and gardens. During the Song Dynasty, it was a major center for the silk industry. He is currently one of the Chinese cities with the highest economic development.

8. Tientsin

It is one of the four municipalities of the PRC. The metropolitan area expanded, making it the fourth largest city with the highest percentage of population after Shanghai, Beijing and Chongqing. The city has recently become one of the major economic nodes in the north of China. In this area you will find the main commercial ports in the country and Binhai, investments are concentrated industrial estate and major multinational companies.

7. Foshan

It is the birthplace of Grand Master Yip Man, Bruce Lee's mentor. In 2011, the city has become infamous for a tragic car accident that resulted in the death of a child. The incident filmed by surveillance cameras have been around the world.

6. Ningbo

This city is one of the most ancient of China, known as the Silk Road trading city. After the First Opium War, has become one of the main centers for the exchange of opium. Currently enjoys developed economy.

5. Hangzhou

Thanks to its location near the West Lake, is a popular tourist destination for the Chinese. Hangzhou, lends itself to become one of the most industrialized cities avant-garde of the world. Fiat builds in this location changes of the Panda. Center of IT development, biotechnology, textiles, clothing and telecommunications. The town boasts fifteen universities.

4. Guangzhou

It is the third largest city in the South Central area of ​​China. Following the increase in labor costs in Hong Kong, many manufacturers have opened new plants in this metropolis.

3. Shenzhen

Sub-provincial city of the Republic of China belongs to the province of Guangdong. The creation of the "Special Economic Zone" and the new economic opportunities, have resulted in a dramatic increase in population. The lower cost of labor in Shenzhen, compared to neighboring Hong Kong, has contributed to sustained economic development.

2. Shanghai

Shanghai is the commercial and financial center of mainland China. The economic vitality of the city is well represented by numerous modern skyscrapers of the financial district of Pudong, home to many offices of foreign companies.

1. Beijing 

This city is recognized as the political, cultural and scientific center of the nation. In contrast to Shanghai which enjoys the status of major economic center.
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