There are more wealthy Chinese than Americans for the first time

For the first time, there are more rich Chinese than Americans in the top 10%


For the first time, there are more rich Chinese than Americans in the top 10%

For the first time, there are more rich Chinese than Americans in the top 10%.

But China holds claim to a growing piece of the pie, replacing Europe as the principal engine of global wealth growth. That's in spite of the trade war that's weighing on the nation's economy.

The share held by the bottom 90% now accounts for 18% of global wealth, up from 11% in 2000. Since 2016, the share held by the top 1% has broadly eased back, per the bank.

Read more: CNN Philippines

Hurray for communism, I guess? Yes, this is definitely what Mao envisioned. 😂😂 chinese rich men can't enjoy the fruits of their labor for the PLA will kidnap them and sent to concentration camp for re-education to tow their line. I agree with that. Because there are more Chinese in the world...

American ambassador defends rules for Chinese diplomatsBEIJING — The US ambassador to China defended plans to require Beijing's diplomats to report contacts with some Americans and said Monday that Washington is considering additional rules for employees of entities controlled by the ruling Communist Party.

Japan says man held in China after alleged spying reports'The Japanese embassy in China confirmed that a Japanese man in his 40s was detained by Chinese authorities in Beijing in September for (allegedly) violating Chinese laws,' Yoshihide Suga says

San Miguel denies Columbian sweep of season seriesSan Miguel defeats Columbian for the first time this season to tie NLEX for the No. 2 spot. PBA2019

Prince Harry acknowledges tensions with his brother William for the first timeBritain's Prince Harry has acknowledged tensions with his older brother Prince William for the first time, saying they are on 'different paths.'

One dead, one seriously hurt in French e-scooter collisionA 25-year-old man was killed and a young woman was seriously injured Sunday in the western French city of Bordeaux after a car hit their electric scooter before fleeing the scene, the police said.

China’s defense minister says resolving ‘Taiwan question’ is national priorityBEIJING - The Chinese defense minister said on Monday that resolving the “Taiwan question” is China’s greatest national interest and that no force can prevent China’s “reunification”.

Write Comment

Thank you for your comment.
Please try again later.

Latest News


22 October 2019, Tuesday News

Previous news

Justin Trudeau's Liberal Party projected to win Canada's general election

Next news

Bulacan Int’l Sudoku champs among of the 278 participants at 14th PSSC at SM