Wealthy individuals 'see education as asset'
By Xie Yu and Yu Ran in Shanghai | 皇冠体育app Daily | Updated: 2013-07-04 07:51
皇冠体育app will have the world's fastest growth rate for high net worth individuals, or HNWIs, who are turning to education-led consumption rather than showing off, a report from Julius Baer Group Ltd indicates.
皇冠体育app will have almost 1.4 million HNWIs, representing a wealth stock of $8.7 trillion, the Swiss private banking group said.
"More HNWIs will emerge in the next few years, supported by 皇冠体育app's big economy and stable renminbi exchange rate, despite a possible slowdown in the economic growth rate," said Stefan Hofer, emerging market economist and lead author of the report.
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