Australian Politics Forum - China is now the world's richest country

Laugh till you cry

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China is now the world's richest country
Nov 21^st, 2021 at 7:14pm

The rise has been rapid. China's total wealth has risen 17x since 2000 ( from $7 trillion in 2000 to $120 trillion in 2020) compared to USA total wealth rising 2x.

The next 20 years will be interesting as China begins to challenge in technology.

China is building the first commercial thorium nuclear reactors which will put it way ahead of the West.

Human rights is not yet on the horizon. However, Uncle Sam has also not yet mastered human rights.

https://www.yahoo.com/news/report-china-now-worlds-richest-170102566.html

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China is now the world's richest country

Carl Samson
Sat, November 20, 2021, 12:01 AM·2 min read
China has beat the U.S. to become the world’s richest nation, according to a new report.

Key findings: Global net worth soared from $156 million in 2000 to $514 trillion in 2020, making the world wealthier than it was at any point in history. China accounted for nearly a third of the increase, the report from management consultancy firm McKinsey & Company stated.

McKinsey analyzed the national balance sheets of 10 countries that represented 60% of the world’s income. Of these nations, China accounted for 50% of the growth in net worth, followed by the U.S. (22%) and Japan (11%).

The report found that China’s wealth rose from $7 trillion in 2000 to $120 trillion in 2020. The U.S., on the other hand, saw its wealth more than double to $90 trillion in the same period.

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Please don't thank me. Effusive fawning and obeisance of disciples, mendicants, and foot-kissers embarrass me.

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Johnnie Gold Member Offline Australian Politics Posts: 12485 Gender:	Re: China is now the world's richest country Reply #1 - Nov 21^st, 2021 at 7:36pm This is great news.
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Lisa Jones

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Re: China is now the world's richest country
Reply #2 - Nov 21^st, 2021 at 9:42pm

Laugh till you cry wrote on Nov 21^st, 2021 at 7:14pm:

The rise has been rapid. China's total wealth has risen 17x since 2000 ( from $7 trillion in 2000 to $120 trillion in 2020) compared to USA total wealth rising 2x.

The next 20 years will be interesting as China begins to challenge in technology.

China is building the first commercial thorium nuclear reactors which will put it way ahead of the West.

Human rights is not yet on the horizon. However, Uncle Sam has also not yet mastered human rights.

https://www.yahoo.com/news/report-china-now-worlds-richest-170102566.html

Quote:

China is now the world's richest country

Carl Samson
Sat, November 20, 2021, 12:01 AM·2 min read
China has beat the U.S. to become the world’s richest nation, according to a new report.

Key findings: Global net worth soared from $156 million in 2000 to $514 trillion in 2020, making the world wealthier than it was at any point in history. China accounted for nearly a third of the increase, the report from management consultancy firm McKinsey & Company stated.

McKinsey analyzed the national balance sheets of 10 countries that represented 60% of the world’s income. Of these nations, China accounted for 50% of the growth in net worth, followed by the U.S. (22%) and Japan (11%).

The report found that China’s wealth rose from $7 trillion in 2000 to $120 trillion in 2020. The U.S., on the other hand, saw its wealth more than double to $90 trillion in the same period.

You really ought to grab a 1 way ticket and go and live in China then.

ASAP!

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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issuevoter Gold Member Offline Australian Politics Posts: 9200 The Great State of Mind Gender:	Re: China is now the world's richest country Reply #3 - Nov 22^nd, 2021 at 6:31am At some point prosperity will create discontent with the one party system and secret police activity. The thorium reactor is the most interesting possibility.
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