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Young Minds - November 19, 2021

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In this issue

China overtakes US as the world’s richest nation
China has surpassed the United States to become the world’s richest country, following a sharp rise in wealth over the past two decades. The report by McKinsey & Co. China has been prepared after examining the national balance sheets of 10 countries, representing more than 60 per cent of world income. China’s wealth jumped to $120 trillion in 2020 from just $7 trillion in 2000. This marks a jump of $113 trillion in 20 years, helping the nation surpass the United States in terms of net worth. During the same period, the US saw its net worth more than double to $90 trillion. However, the nation could not beat China due to muted increases in property prices. According to the report, in both the US and China, more than two-thirds of the wealth is held by the richest 10 per cent of households, and their share has been increasing.

Young Minds Description:

Publisher: Young-Mind-Newspapers-Pvt-Ltd

Category: Newspaper

Language: English

Frequency: Weekly

Young Minds is the largest selling newspaper for youngsters in India.

Our endeavour is to prepare our youth for a global tomorrow where their social friends, their professional colleagues, and their personal interests will not be locked within a single nation's boundaries.

Young Minds actively organizes multi dimensional events and courses in both academic and non academic realms, from India and abroad, in alignment with its spirit to make our youngsters true global citizens.

For updated information visit:Editorial Distinct youth oriented content

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