China to have the world's fourth-largest number of wealthy households by 2015

By 2015, China is expected to have more than 4 million wealthy households, making it the world's fourth-largest country in terms of its number of wealthy households after the United States, Japan, and the United Kingdom, says a new report by global management consultants McKinsey & Company. The number of wealthy households–defined as urban households with annual income in excess of 250,000 renminbi–reached 1.6 million in 2008.