<h1>China's Wealth Gap Widens: Top 130,000 Families Hold 58% of Assets Amid Economic Challenges and Inequality Efforts</h1> A report highlights the growing wealth gap in China, with the wealthiest families increasingly dominating the country's assets despite government efforts to curb inequality. In 2024, the richest 130,000 families held 58% of the wealth among families with over six million yuan in assets. The disparity is evident in the Gini coefficient and data from China Merchants Bank, where a small percentage of accounts hold the majority of assets. Analysts urge Beijing to address this widening gap as economic challenges, including weak consumption and a struggling property sector, persist. The issue is set against a backdrop of geopolitical tensions and economic policies under scrutiny.