There were 7,905 multimillionaires in China at the end of 2011, an increase of 41% compared to 2007 - but how are they distributed across the country? WealthInsight, specialists in data on high net worth individuals, have released the latest figures showing those with net assets of more than US$30m. A combined total of 2,346 live in Beijing and Shanghai, equivalent to three in every ten of China's multimillionaires. Chongqing has seen the biggest growth rate, with 78% more multimillionaires in 2011 than four years earlier. The lowest growth rate, 19%, came in the Shenzen, the second city of Guangdong province.
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Economy