CHINA-ECONOMY: THIS YEAR'S CREDIT SUISSE GLOBAL WEALTH REPORT SHOWS U.S.' TOTAL WEALTH AT US$ 126.3 TRILLION AND CHINA'S AT US$ 74.9 TRILLION

An article in South China Morning Post (August 31) by Gregory Mitrovich reported that the global wealth report issued each year by the investment bank, Credit Suisse, this year showed that the US remain at the top. According to its 2021 report, the US’ total wealth stands at US$126.3 trillion; China is a distant second with US$74.9 trillion. Furthermore, instead of declining, America’s share of total global wealth has increased over the past decade, from 25 per cent in 2011 to 30 per cent today. It cautioned Beijing to understand that the US is abandoning Afghanistan in 2021 to concentrate on its contest with China.





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