Chinese rich prefer French luxury brands

The wealthy Chinese people favors the French luxury brand – shows the research of the Hurun Research Institute.

The organization in its regular annual report studied 551 millionaires with more than 10 million yuan (350 million HUF) personal wealth, who can be considered as super rich in over 10 percent so their assets are around 100 million yuan (3.5 billion HUF). Their average age was 38 years, the male-female ratio is around 7:3. The wealthy Chinese are well-educated: 43 percent of them has a graduate degree, at the super rich Chines this ratio is 56 percent. (MTI, Szerencsi Ágnes)