China is the wealthiest country in the world by far!

[SexyChineseLady]

It is official, China is now the world's wealthiest country -- and by a very large margin! $120T to the US' $90T.

And China's wealth had grown from only $7T in 2000. This is exponential growth as assets are created through industrialization which creates other assets. (This is the reason why the wealthiest countries are all industrialized -- and the poorest countries are agricultural.)

This accumulation in wealth is only going to accelerate as Chinese stock markets in Shanghai and Shenzhen mature!

Global wealth trebles in last 20 years as China overtakes US

China's wealth rocketed to $120 trillion from a slender $7 trillion in 2000, the year before it joined the World Trade Organization, accelerating its boom.

www.dailymail.co.uk

 

[SexyChineseLady]

China creates wealth at three times the rate of the US (the 2nd largest creator of wealth)!!!

And US wealth is growing 3 times that of Germany in third place.

China and the US are creating wealth at rates that is pulling them far away from the rest of the world. That is how, for example, China and the US can launch 44 and 37 missions into space while the rest of the world combined can only afford 30. There are many other examples like this.

BUT in the past 20 years, China is growing wealth at a much faster clip than the US. China has a $30T lead on the US already and the Chinese stock markets are still in their nascent stage!

 

[HariPrasad-1]

China creates wealth at three times the rate of the US (the 2nd largest creator of wealth)!!!
View attachment 119786

And US wealth is growing 3 times that of Germany in third place.

China and the US are creating wealth at rates that is pulling them far away from the rest of the world. That is how, for example, China and the US can launch 44 and 37 missions into space while the rest of the world combined can only afford 30. There are many other examples like this.

BUT in the past 20 years, China is growing wealth at a much faster clip than the US. China has a $30T lead on the US already and the Chinese stock markets are still in their nascent stage!

Does it include the wealth of Jack Ma which was looted by Xin Ping by making him disappear?

 

[SexyChineseLady]

Does it include the wealth of Jack Ma which was looted by Xin Ping by making him disappear?

Not really, he is sailing his super yacht in Europe. lol

Alibaba shares surge nearly 7% after Jack Ma appears in Europe and company releases new chip

Alibaba founder Jack Ma has been largely out of the public view since October 2020 when he made comments that appeared to criticize Chinese regulators.

www.cnbc.com

Reuters Business

@ReutersBiz
· Nov 8
Jack Ma’s return to the public stage in Spain’s Mallorca did more than raise attention as his first foreign foray since a 2020 fallout with Beijing. Ma’s sunny sojourn on an 88-meter cruise boat worth $200 million showed the return of the superyacht https://reut.rs/3o7t35U 1/5

 

[HariPrasad-1]

Not really, he is sailing his super yacht in Europe. lol

Alibaba shares surge nearly 7% after Jack Ma appears in Europe and company releases new chip

Alibaba founder Jack Ma has been largely out of the public view since October 2020 when he made comments that appeared to criticize Chinese regulators.

www.cnbc.com

Reuters Business

@ReutersBiz
· Nov 8
Jack Ma’s return to the public stage in Spain’s Mallorca did more than raise attention as his first foreign foray since a 2020 fallout with Beijing. Ma’s sunny sojourn on an 88-meter cruise boat worth $200 million showed the return of the superyacht https://reut.rs/3o7t35U 1/5


View attachment 119791

Now, I think he will remain in Europe only because of fear of Butcher Xi.

 

[FalconSlayers]

One place where those ghost towns and useless skyscrapers came to help, artificially boosting wealth in china

 

[IndianSpiderman]

It is official, China is now the world's wealthiest country -- and by a very large margin! $120T to the US' $90T.

And China's wealth had grown from only $7T in 2000. This is exponential growth as assets are created through industrialization which creates other assets. (This is the reason why the wealthiest countries are all industrialized -- and the poorest countries are agricultural.)

This accumulation in wealth is only going to accelerate as Chinese stock markets in Shanghai and Shenzhen mature!

Global wealth trebles in last 20 years as China overtakes US

China's wealth rocketed to $120 trillion from a slender $7 trillion in 2000, the year before it joined the World Trade Organization, accelerating its boom.

www.dailymail.co.uk

You didn't really read the study before posting this, did you? It states that about 70% (forgotten the exact figure) of global wealth created during the last decade was through speculation in real estate, and 2/3rd of the wealth held in China could cease to exist tomorrow. In essence, China is a bubble economy.

 

[IndianSpiderman]

The study deduced that the pace of global wealth creation far outpacing GDP growth is unsustainable and a big red flag.

 

[HariPrasad-1]

One place where those ghost towns and useless skyscrapers came to help, artificially boosting wealth in china

They made many high rise building and then destroyed them because of No use. However, they added the construction cost to GDP. Chinese way to increase GDP. They have other ways to boost GDP as well. See how easy it is to boost GDP by about 1 Tr USD.

Local governments inflated China’s GDP by $900 billion last year—and that’s not going to stop soon

Chinese president Xi Jinping recently said that the government would stop tying promotions of local government officials to GDP performance alone. This is important because local leaders under pressure to produce high economic output are much more prone to spending wastefully and in ways that...

qz.com

 

[SexyChineseLady]

1) China's economy is much much bigger than the nominal GDP because Chinese sales for nearly everything is much much greater than the US -- cars, homes, refrigerators, etc. So the ratio between real GDP and wealth in China is far less of an issue,

2) All wealthy nations go through bubbles -- Japan, the US, EU -- but the wealth always remain afterwards. Somalia and the head-hunting tribes in Papua New Guinea never went through bubbles because they never created wealth at great scale,

3) China's wealth unlike the US' is based on property because China's stock market is not mature. So China's wealth potential will go up once the markets in Shanghai and Shenzhen mature. There is also the Hong Kong stock market which is slowly reorienting itself to China.

4) China is already the wealthiest country in the world and its wealth is already $30T more than the US's at $120T. BUT China is still a developing country, it still has a LOT more room for growth than the mature economy of the US. This VERY special! A developing country already with more wealth than the wealthiest developed country AND with more potential for growth!

China will increase its lead of wealth over the US and by extension over the world in the coming years. No amount of bubble will erase this lead.

I know Indians are hoping for a bubble in China. BUT the two greatest bubbles, the Japanese property collapse in the 1980 and the 2008 financial crisis in the US (which halved the Dow) did not knock Japan and the US from being among the wealthiest countries in the world and in fact, Japan and the US got even wealthier compared to rest of the world -- except for China

China Overtakes US as Global Wealth Hits $514tn

Ndubuisi Francis A new report has shown that global wealth tripled in the last two decades –from $156 trillion in 2000 to $514 trillion in 2020, with China outpacing the United States of Amer…

www.thisdaylive.com

 

[HariPrasad-1]

1) China's economy is much much bigger than the nominal GDP because Chinese sales for nearly everything is much much greater than the US -- cars, homes, refrigerators, etc. So the ratio between real GDP and wealth in China is far less of an issue,

China makes highest numbers of mobile but Apple mobiles are atleast 6 to 10 times costlier than Chinese one. China can claim that they are biggest producer of Mobiles but it will have almost no margin on sale. Same as the case with cars. Zero crash rated Chinese cars are only good for Chinese whose lives are very cheap.

 

[SexyChineseLady]

China makes highest numbers of mobile but Apple mobiles are atleast 6 to 10 times costlier than Chinese one. China can claim that they are biggest producer of Mobiles but it will have almost no margin on sale. Same as the case with cars. Zero crash rated Chinese cars are only good for Chinese whose lives are very cheap.

If Chinese lives are very cheap then why is China is the wealthiest nation in the world by far?

It's Official. China Has Overtaken the US as the Richest Nation on Earth

China has overtaken the US as the richest nation in the world! But it, the U.S., and the entire economy could still still hit a major crisis.

interestingengineering.com

 

[FalconSlayers]

If Chinese lives are very cheap then why is China is the wealthiest nation in the world by far?

It's Official. China Has Overtaken the US as the Richest Nation on Earth

China has overtaken the US as the richest nation in the world! But it, the U.S., and the entire economy could still still hit a major crisis.

interestingengineering.com

Last time I checked USA is still far richer than china, credit suisse report seems far more realistic than this crap.

 

[SexyChineseLady]

Last time I checked USA is still far richer than china, credit suisse report seems far more realistic than this crap.

Nope, it is China

China soars past U.S. in total wealth since joining WTO, study finds

China has overtaken the U.S. as the world leader in total wealth, vastly increasing its national net worth since joining the World Trade Organization nearly 20 years ago, according to a new study.

amp.washingtontimes.com

China led wealth boom in last 20 years, logged $30 trillion over US

The digital boom and outsourcing businesses appear to have helped the Chinese gain the most wealth in the world in the last two decades, pipping the US by the huge margin of $30 trillion, according to...

thefederal.com

China overtakes US as the richest country in the world

Global wealth tripled over the last two decades, with China leading the way and overtaking the US for the top spot worldwide, Bloomberg reported.

www.businessinsider.in

 

[another_armchair]

Sure.. tofu land and monopoly money.

 

[tomthounaojam]

This finding doesn't make any sense, most are real estate value and Chinese housing bubble you all know, as long as Uncle Sam can print dollar as a tender note and we all believe in it, well Uncle Sam is number, Uno.

 

[SexyChineseLady]

This finding doesn't make any sense, most are real estate value and Chinese housing bubble you all know, as long as Uncle Sam can print dollar as a tender note and we all believe in it, well Uncle Sam is number, Uno.

That's okay. You do not have to believe

Wealth is tangible. You either have it or you don't. "Ghost" cities are indication of real excess wealth. Real resources like steel, cement and copper cost real money. Most countries cannot afford to build deperately needed infrastructure because they don't have the wealth.

China has it in spades

Check out why China can afford 44 space launches to the US's 37 -- can a poorer country afford this?

Space is the new frontier. Without a presence there, you will be left behind. It takes tremendous amount of money to get there though.

 

[asianobserve]

China might eventually have a bigger GDP than the US but I still won't consider buying a house or migrating there.