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There is a huge discrepancy between the public perception and the data. In the survey, 76% of users believe that the proportion of households in Jiangsu and Zhejiang with net assets exceeding 6 million is over 2%, but Hurun's data shows only 1.7% (average for Zhejiang and Shanghai), and only 4.7% of households nationwide can produce a million in cash. This cognitive gap actually stems from the "information cocoon"—residents in high-end communities do not have access to the income status of market vendors, which is explained very thoroughly in source 1.
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