China’s Wealthy Total Reaches 100 Million Surpassing the United States

Credit Suisse: China’s wealthy total reaches 100 million, surpassing the United States for the first time.

According to the latest research, over the past year, the number of millionaires in the global dollar has increased to nearly 47 million, sitting on nearly half of the world’s wealth. Although the number and growth rate of millionaires in the United States still ranks among the highest in the world, China’s “global HNWIs” (ie, the top 10% of the world’s wealth) surpassed the United States for the first time and reached the 100 million.

Credit Suisse’s annual wealth survey released on Monday (21st) shows that despite the unstable factors such as trade wars, global economic slowdown and stock market volatility, during the period from mid-2018 to mid-2019, global The number of millionaires increased by 1.1 million to 46.8 million, with a total asset of $158.3 trillion, accounting for 44% of the world’s total wealth.

The study found that as of the middle of this year, the top 10% of the world’s wealth of Chinese people reached 100 million, while the United States was 99 million.

In terms of the total number and growth of millionaires, the United States still ranks first in the world. From mid-2018 to mid-2019, the United States added a total of 675,000 millionaires to a total of 18.6 million. Although the Chinese economy slowed down due to trade wars, it still added 158,000 millionaires, totaling 4.5 million. .

Australia is the country with the largest decline in the number of millionaires, with a total reduction of 124,000 to 1.2 million, mainly due to the impact of the depreciation of the Australian dollar.

According to the National Bureau of Statistics announced on the 18th, China’s gross domestic product (GDP) growth rate in the third quarter of this year fell from 6.2% in the second quarter to 6%, the lowest growth rate since the 1990s, reflecting China-US trade disputes and The global economic growth has slowed down, bringing a heavy negative impact to the world’s second largest economy.

The International Monetary Fund (IMF) released the “World Economic Outlook” report on the 15th, predicting that the trade war will reduce the global economic growth rate to 3%, the lowest growth rate since the 2008 financial crisis. The IMF added that the global economic outlook will continue to deteriorate if there is no solution.

Editor’s Note: This document is for informational purposes only and does not constitute an offer, solicitation or invitation, inducement, any representation of any kind or form, or any recommendation or recommendation. Readers are advised to use their own independent thinking skills to make their own investment decisions. If the loss is caused by the relevant recommendations, it is not related to “Compact Financial Media”, editors and authors.

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Credit Suisse: China’s wealthy total reaches 100 million, surpassing the United States for the first time

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