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4/13/2011-- China is close to have one million millionaires with rapid expansion of the new rich, cashing on the booming private business in the Communist country.

According to an annual wealth report released on Tuesday, the Chinese mainland has 960,000 millionaires with personal wealth of 10 million yuan ($1.5 million) or more registering a 9.7 percent year-on-year, according to GroupM Knowledge - Hurun Wealth Report 2011.

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