China overtook the United States to become the richest country in the world

Beijing, Ta. 13
China has overtaken America to become the richest country in the world. According to a Bloomberg report, a report from the research unit of management consultant Mackenzie & Co. claims that the world's wealth has tripled in the last two decades. The total wealth of the world was 1.3 trillion in 2020, which has increased to ૪ 2.15 trillion by 2020, with China accounting for one-third. China's wealth has grown from ૭ 3 trillion in 2000 to ૨ 150 billion in 2020. During this time, America's wealth has doubled to લાખ 3 trillion.

Only 10 countries, including China, the United States, Germany, France, Britain, Canada, Australia, Japan, Mexico and Sweden, have more than 90 per cent of the world's wealth, according to a report by the research unit of management consultancy McKinsey & Co. The richest families in the world have the largest share of wealth in China and the second largest in the United States. In China and the United States, only the richest 10 percent have more than two-thirds of the wealth. The participation of these rich people is constantly increasing.
The world has become much richer than ever before, said John Mishke, a McKinsey Global Institute collaborator in Zurich. According to McKinsey, real estate accounts for 4% of the world's total wealth, while the rest of the wealth consists of infrastructure (11%), inventories (5%), other assets (9%), machinery and equipment (5%). Intellectual property and patents account for very little of the world's wealth.
According to the report, its wealth was only ૭ 3 trillion in 2000, which increased by a rocket speed to Rs 1.0 trillion by 2020. Significantly, China joined the World Trade Organization (WTO) in the 19th century to accelerate its economic growth, showing that its wealth has grown exponentially during this time and that China accounted for about one-third of the world's wealth growth over the last 30 years.
On the other hand, in the last two decades, the wealth of America, the richest country in the world, has doubled to 3 trillion crores. The United States has a much smaller wealth than China and has lost its position as the richest country in the world due to the lack of significant rise in property prices. According to the report, the world's net worth has grown rapidly over the last two decades and has overtaken growth in the world's Growth Domestic Product (GDP).