China is now the ‘richest’ country, surpassing the United States!

The last few years have seen major changes around the world due to the coronavirus epidemic. The economy has been most affected. As unemployment has risen over the past two years, governments have been forced to increase allocations to various sectors of public welfare, including health. China has become the richest country in the world, surpassing the United States.

McKinsey & Company, an international consulting firm, recently conducted a survey of the income and expenditure of the 10 richest countries, which account for more than 60 percent of the global economy. The results of the survey were released last Monday (November 15, 2021).

According to researchers, the position of the world economy in 2000 has increased to ১ 514 trillion over the next two decades. At the moment, China is at the forefront of economic growth. In 2000, China’s wealth was only seven trillion US dollars. In twenty years, that amount has risen to 90 trillion.

But now the United States has fallen behind in the competition due to multiple new policies. In two decades, Americans’ wealth has grown to 90 trillion.

According to a report by McKinsey & Company, the real estate business is the mainstay of the global economy. It is affecting the whole world. As a result, the number of homeless people is increasing.

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