China Beats US, Becomes Richest Country in the World

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China Beats US, Becomes Richest Country in the World

19-Nov-2021
By ellephant

Based on reports, it would appear that the country with the most wealth in the world, is no longer the United States of America. 

A research done by McKinsey & Co predicted that China’s riches has increased from $7 trillion in the year 2000, to $120 trillion in 2020. 

The US on the other hand, states a value of only $90 trillion in the year 2020, because of failure to launch prices within the property market. 


https://image.goody25.com/images/catalog/60679/20211119_16373071739441_mobile.jpg  

For the past 20 years, China has held one third of gains in global net worth. The nation became a member of the World Trade Organization in 2001, and henceforth grew their wealth. 

Besides that, global wealth has also since increased threefold in the past two decades, from $156 trillion (2000) to $514 trillion (2020). 

china us america richest Country World


ellephant

a writer of sorts

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