Millionaires top 500 mark | South China Morning Post

Millionaires top 500 mark

PUBLISHED : Monday, 04 January, 1993, 12:00am
UPDATED : Monday, 04 January, 1993, 12:00am

CHINA'S economic reforms have spawned more than 500 millionaires, although the average annual income of rural families is US$110 (HK$851), according to the China Business Times.

''Some people have become rich through inglorious means, but it must be recognised that their spirit of enterprise is first class,'' the newspaper quoted a tax official as saying.


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