Where are China´s rich spending their money? Health care proves to be one of the major winners, show the annual Hurun rich report. Pressure on the rich is mounting, says Hurun founder Rupert Hoogewerf at CCTV, and so is their need for health care.
As the moneyed-class expands rapidly in Chinese society, their ways of making and spending wealth have become a source of fascination for many. According to a recent survey, more and more affluent Chinese are investing big on their health.
If you want to know how the rich live in China, Rupert Hoogewerf is the man to talk to. Starting from listing the richest people in this country, he has been researching how they snowball their wealth and give out their money for 15 years. According to his recent research, health has become an important area of investment for high-net-worth individuals.
“They are under a lot of pressure at work, they are traveling one third or even half of time every month, which is an awful lot. They take very little holidays – only take seven days holidays a year, which if you take out the weekends that they work, it is probably negative. They have very little spare time. There have been two or three very famous entrepreneurs who died suddenly in their 40s. And all these have contributed making people feel overall dissatisfied with their health,” he said.
According to the Hurun Report, over 80 percent of China’s wealthy have a medical checkup annually, and 14 percent of them have one every six months. An ordinary medical checkup usually cost no more than 3,000 yuan in public hospitals, but it can be as much as 20,000 yuan in high-end hospitals.
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