Arab Today, arab today report china is world\s 3rdwealthiest nation
Last Updated : GMT 05:55:37
Arab Today, arab today
Arab Today, arab today

Report: China is world\'s 3rd-wealthiest nation

Arab Today, arab today

Arab Today, arab today Report: China is world\'s 3rd-wealthiest nation

Beijing - Qna

China is expected to overtake Japan as the world\'s second wealthiest country by 2016, said Credit Suisse AG in its annual Global Wealth Report. According to the report, China will hold total fortune of US$39 trillion by 2016, compared to US$82 trillion for the U.S. and US$31 trillion for Japan. However, the report said China\'s accumulation of fortune will happen alongside the expansion of wealth gap in the country. The report warned that China\'s Gini coefficient, a commonly used gauge of wealth inequality, has already reached an extremely dangerous level. China currently holds a total wealth of US$20 trillion, ranking third around the world behind the U.S. and Japan, according to the report. In the 18 months between January 2010 and June this year, China is the second largest wealth generator in the world only behind the U.S., with its total fortune rising by US$4 trillion. So far this year, Chinese millionaires for the first time reached one million and now has more than 5,000 ultra-high net worth individuals with average fortunes above US$50 million, behind only the US, the report said. Asia Pacific has become a key contributor of global wealth growth, accounting for 36% of global wealth creation since 2000 and 54% since 2010, said the report.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today report china is world\s 3rdwealthiest nation Arab Today, arab today report china is world\s 3rdwealthiest nation

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday