China surpasses US in wealth – Chandrika Daily

London: China has topped the list of the world’s richest countries, surpassing the United States. The report was compiled by McKinsey & Co., which examines the financial statistics of 10 countries that represent more than 60 percent of world income. China will contribute one-third of global assets to $ 514 trillion by 2020. Chinese wealth has increased to 120 crores. In China and the US, two-thirds of the wealth is owned by the richest 10 percent of households.