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flag China's top 130,000 families now control 58% of the nation's richest families' wealth, marking a rise in inequality.

flag The Hurun Research Institute reports that China's wealthiest 130,000 families now control 58% of the total wealth of the richest families, up from 56% last year. flag This wealth, totaling about $7 trillion, highlights growing income inequality in China. flag Despite efforts to regulate private businesses and boost incomes, the wealth gap persists, impacting household consumption and economic recovery.

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