Bloomberg News

China's 'Newly Rich' Gather at Hainan Luxury Expo

April 15, 2012

Yachts, business jets and luxury cars were among the high-end products on display at the Hainan Rendez-vous expo, which took place April 5-8 in China’s resort city of Sanya.

The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s "economic center of gravity" continued moving east, Citigroup Inc.’s private bank said last month in The Wealth Report 2012, published in partnership with Knight Frank LLP. Bloomberg's Angie Lau reports. (Source: Bloomberg)

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