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Wealthiest spend big on gifting
GIFTING by China’s high net-worth individuals is forecast to hit 390 billion yuan (US$57 billion) within three years, from 300 billion last year as the practice becomes more important. Average annual gifting is worth 260,000 yuan, a survey of 507 respondents with an average wealth of 22 million yuan each…
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Click here to read the full story: Shanghai Daily