Amid surge in wealth, China leapfrogs US to top spot

Net worth worldwide rose to $514 trillion in 2020, from $156 trillion in 2000, according to the study. China accounted for almost one-third of the increase. Its wealth skyrocketed to $120 trillion from a mere $7 trillion in 2000, the year before it joined the World Trade Organization, speeding its economic ascent.

from Times of India https://timesofindia.indiatimes.com/business/international-business/amid-surge-in-wealth-worldwide-china-leapfrogs-us-to-top-spot/articleshow/87746932.cms