China Herald: Millionaires' confidence drops for second consecutive year

Rupert Hoogewerf

The confidence of China's millionaires in the country's economy has been dropping for the second consecutive year, reports the GroupM Knowledge-Hurun Wealth Report 2013. Their focus is on good health, tells Hurun president Rupert Hoogewerf in the China Daily.

The China Daily:

At a time of economic slowdown combined with market uncertainties, Chinese millionaires'confidence in the country's economy in the next two years has dropped for a secondconsecutive year, according to the GroupM Knowledge-Hurun Wealth Report 2013. The report was co-released by the media investment management firm GroupM China and theShanghai-based Hurun Report on Wednesday. One quarter of the millionaires surveyed said they were "very confident" in the economy in thenext two years, down about 3 percentage points year-on-year. In the previous year, 54 percentof the respondents said that they were "very confident" in the economy. About 9 percent of the surveyed millionaires said they are not confident in the country'seconomy, 2 percentage points higher than a year earlier... The Millionaire Happiness Index, which featured in the report for the first time this year, showedthat 73 percent of respondents said that they are happier than the previous generation. The average happiness index is at 7.8 out of 10. "For the Chinese millionaire class, the key words this year are 'health' and 'happiness'," saidRupert Hoogewerf, chairman and chief researcher of the Hurun Report. What millionaires want the most is good health. One quarter are dissatisfied with their healthcondition, and more than one-third feel that they don't exercise enough.

More in the China Daily.

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