China has become the richest country, overtaking America, which is considered the world's superpower. According to a report by the research branch of management consultant McKinsey & Company, which tracks the balance sheets of countries around the world, the world's wealth has increased three times in the last 20 years. But China's share in this increase is about one-third, that is, about 33%, that is, China's wealth has increased by about 16 times.
According to the report, in the year 2000, the total wealth of the world was $ 156 trillion, which increased to $ 514 trillion after 2 decades i.e. after the year 2020. At the same time, the total wealth of China was $ 7 trillion in 2000, which has increased rapidly to $ 120 trillion in the year 2020.
America's wealth doubled
America's wealth has more than doubled in the past 20 years. In the year 2020, US wealth has reached 90 trillion dollars. The report says that due to not much increase in property prices here, American's wealth remained less than China and it lost its number one position.
A large part of the wealth of China and America is limited to a few people
It has been said in the report that a large part of the wealth of China and America is confined to a few wealthy people. According to the report, 10% of the population has the highest wealth in these two countries. It has also been mentioned in the report that the number of rich is increasing rapidly in these countries, due to which there is a big gap between rich and poor countries.
68% of the total assets in the form of immovable property
The report noted that 68% of the total global wealth exists in the form of real estate, while the rest includes things like infrastructure, machinery, and equipment.
China's net worth is more than 8 times that of India
According to the Global Wealth Report of Credit Suisse, India's net worth stood at $12.6 trillion in October 2019. Which is less than 8 times China's net worth of $120 trillion. However, information about India's net worth has not been given since 2019.
Exports: Exports up 23.5 percent, trade deficit widens to a record $ 26.18 billion
The country's exports of goods have increased by 23.52 percent to $ 40.13 billion in June 2022. Imports during this period increased by 57.55% to $66.31 billion. The country's trade deficit widened by
Joint Statement of India and Egypt; The world should stop giving shelter to terrorism, another Muslim country's indirect warning to Pakistan
India and Egypt have appealed to all the countries of the world not only to stop giving shelter to any kind of terrorist organizations and terrorists but also to take steps to eliminate them from
Rupees Against Dollar : Indian Rupee breaks one paisa against the dollar, crude oil continues to rise
On Monday, the Indian rupee fell by 1 paise to its lowest level ever at 78.34 (Provisional) against the US dollar. This fall in the rupee has been seen despite the rise in the stock market on Monday.
US sanctions Chinese network helping Iranian company
The US on Thursday banned a network based in China. He is alleged to have sent aerospace parts to an Iranian company involved in the production of drones. It is alleged that Tehran had exported the
Visa Bribery Case: The sword of arrest hangs on Karti too, CBI will interrogate father P. Chidambaram
CBI has arrested Lok Sabha member Karti Chidambaram's close aide S.K. Bhaskar Raman has been arrested. Bhaskar Raman is being brought from Chennai to Delhi on transit remand, where he will be produced
MIUI 13 Rollout: Xiaomi launches MIUI 13, know which smartphone users will get this new update
Xiaomi Redmi MIUI 13: Xiaomi has officially launched MIUI 13 in India. It is going to come in different Mi, Xiaomi, and Redmi-branded smartphones in the coming time. With MIUI 13, Xiaomi says it will
Controversy over mayor, deputy mayor escalates in Delhi: Hundreds of AAP workers gherao the LG office; BJP's picketing begins at Rajghat
The election of the Mayor, Deputy Mayor of MCD in Delhi could not be held on Friday. The House was adjourned after the heavy uproar. Now Aam Aadmi Party and BJP have come to the streets and are
Knockout-like match for Team India: Bangladesh will clash in Adelaide today, there is a 60% chance of rain
After losing the last match against South Africa, Team India has come in an if-but-button situation in the T20 World Cup. Due to this, the Super-12 Group-2 match against Bangladesh in Adelaide on
Sidhu Moosewala Murder: Singer and Congress leader Moosewala was murdered in Punjab, Canada-based gangster Goldie Brar took responsibility for the murder
Punjabi singer and Congress leader Sidhu Moosewala were publicly shot dead by the assailants at around 4 pm on Sunday. Punjab Police Director General of Police VK Bhavra told during the press
IND vs ENG Test: Rohit-Agarkar was seen having a serious discussion on the field itself, was there any discussion on bringing back Virat Kohli?
After leveling the series 1-1 by defeating England by 106 runs in Visakhapatnam, both the teams have now started preparing for the third Test. Both the teams have a break of 10 days before that match
