China, U.S, (PNB News). China has overtaken America as the wealthiest nation worldwide, according to a new economic analysis. Over the last 20 years, China’s worldwide wealth has soared, and it is now the world’s wealthiest country. An annual “national balance sheet” has declared china as the richest nation on earth.
China’s net wealth increased from $7 trillion to $120 trillion between 2000 and 2020, global management consulting company McKinsey & Company reported this month. Meanwhile, America’s net wealth has simply doubled in the same period of time, reaching $90 trillion in 2020.