India Loses Maximum Number of Rich

China

People’s Republic of China is the world’s most populous country and is governed by a single party known as the Communist party of China. It exercises jurisdiction over 22 provinces, 5 autonomous regions, 4 directly controlled municipalities and 2 self governing special administrative regions. China has had numerous historical incarnations. It became a part of the United Nations in 1971 and are also is a part of several other formal and informal multilateral organizations. After the introduction of market based economic reforms in 1978, it has become the world’s fastest growing major economy and in 2012 it was regarded as the second largest economy in terms of nominal GDP and PPP. The global investable wealth has witnessed an increase of 5.2 percent in China and their high net worth population is 562,000.