Rich Chinese outnumber wealthy Americans for first time, Credit Suisse says

Pedestrians walk past a "RICH" sign displayed in Shanghai, China, on Monday, July 29, 2019. Chinese trade negotiators will host their U.S. counterparts at a landmark of jazz-era Shanghai on the city's riverside Bund, re-opening trade talks with a marked change of atmosphere after an almost three-month hiatus. Photographer: Qilai Shen/Bloomberg

ZURICH: The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed.

The Swiss bank's annual wealth survey released on Monday found 100 million Chinese ranked in the global top 10% as of the middle of this year versus 99 million in the United States.