CHINA OVERTAKES AMERICA, NOW THE WORLD’S RICHEST COUNTRY
{….The country’s wealth went from $7 trillion to $120 trillion in two decades }
AJM NEWS
The US has been stripped of its title as the richest country in the world, with China now being the world’s wealthiest nation. The switch-up in the global wealth leaderboard was announced in a report from McKinsey & Co., says Bloomberg who first broke the story, which revealed that China’s value skyrocketed from $7 trillion in 2000 to $120 trillion in 2020.
In that same time, the value of the United States climbed to almost $90 trillion, falling short of the number one spot.
China’s race to the top of the leaderboard contributed to almost a third of the total increase in global wealth which went from $156 trillion to $514 trillion in the same time frame.
Can AMERICA regain its lost position as the richest nation?
What’s your take?
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