A study led by university professor and financial writer Wu Xiaobo has found that the Chinese middle class is less likely to invest in digital currencies than in other asset classes. The 2018 White Paper on the New Middle Class says that less than 10% of the new middle class in China is investing in cryptocurrency, TechNode reported.
This is the third installment of the white paper published by Wu, a former EMBA program professor at Jinan University and Shanghai Jiaotong University. The latest study aims to dig deeper into the purchasing profile of China's middle class while also exploring aspects of family, career, investments, and...
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