China Has Set A New Record As The Richest Country In The World. The Dragon Nation Became The Number One Superpower In Wealth Creation, Overtaking The United States. China’s Wealth Has Increased Threefold In World Wealth In The Past Two Decades, According To A Report In Bloomberg. The Mckinsey & Co. Research Division Analyzed The Balance Sheets Of 10 Countries And Presented The Report.
These Ten Countries Account For 60 Percent Of The World’s Total Revenue. The List Includes The United States, China, Germany, France, The United Kingdom, Canada, Australia, Japan, Mexico, And Sweden.
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According To A Mckinsey Agency Report, Global Wealth Was Estimated At $ 156 Trillion In 2000 And Will Increase Dramatically In 2020 To $ 514 Trillion. It Accounts For The Largest Share, With China Accounting For About A Third Of World Revenue.
John Mitch, The Co-Founder Of The Mckinsey Global Institute In Zurich, Told The Associated Press That The World Is Now Richer Than Ever Before. China’s Wealth, Which Was $ 7 Trillion In 2000, Has Now Reached $ 120 Trillion. Mckinsey Said In A Report That China’s Wealth Has Plummeted Since Joining The World Trade Organization.
On The Other Hand, Us Wealth Doubled To $ 90 Trillion. China And The United States Are The Two Largest Economies In The World.
However, Two-Thirds Of The Wealth In These Two Countries Is Held By Only 10 Percent Of Households, The Report Said. Only They Are Getting Richer. According To The Report, 68 Percent Of The World’s Net Worth Is In The Real Estate Sector.
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