Average chinese adult now richer than European - wealth report

[Telugodura456]

clairification : this includes whole of Europe - including easter europe .

https://www.businessinsider.com/typical-chinese-adult-now-richer-than-europeans-wealth-report-finds-2022-9

The typical Chinese adult is now richer than the typical European adult, a new wealth report finds

Jyoti Mann 

Sep 23, 2022, 11:06 AM

 

 

 

The average Chinese citizen is now worth over $26,000.  Catherine McQueen/Getty Images

 

• Credit Suisse found China's median wealth outpaced Europe's in its 2021 Global Wealth Report.
• The average Chinese citizen has a wealth of $26,752, around $60 more than the average European.
• Chinese wealth has surged in the past two decades, with median wealth per adult growing more than eight-fold.

 

 

A major new report from investment banking and wealth management giant Credit Suisse has found that the average Chinese adult is now wealthier than the average European.

Although North America and Europe together account for 57% of total household wealth globally, China is squeezing out Europe in rankings of wealth per median adult.

Credit Suisse's annual Global Wealth Report, which was released this month, estimates the average wealth of households around the world.

It found that Chinese median wealth per adult, at $26,752, now outstrips Europe, where the average adult has a wealth of $26,690. The European figure takes into account the whole of the continent, which includes many less wealthy nations in its southern and eastern regions.

Median wealth in China was more than four times greater than in Russia, where median wealth was $6,379 in 2021.

 

China's average wealth, however, was still less than a third of the wealth of the median American ($93,271) — and only about 10% of the wealth of the median Belgian ($256,336).

Global wealth increased by 9.8% in 2021 compared to the year before, reaching a total $463.6 trillion.

"All regions contributed to the rise in global wealth, but North America and China dominated, with North America accounting for a little over half the global total and China adding another quarter," the report said.

Europe, Latin America, Africa and India account for only 11.1% of global wealth, which the report puts down to local currency depreciation against the dollar in those regions.

 

In Europe for instance, the euro reached parity with the dollar for the first time in 2022, while the pound has plunged to near four-decade lows.

China has squeezed out countries in Europe which previously dominated its rankings through its "exceptional rate of wealth growth."

China attained the top spot for fastest median wealth growth out of any region, rising more than eight-fold in the past two decades, growing from $3,111 in 2000 to $26,752 in 2021, Credit Suisse said. 

 

 

[DesiPokiri]

Avanni kadhu Jin ping gadu house arrest aa kaadha? 

Aina rich ayyi em peekali China lo, jack ma gadi laga address lekunda maayam aipovala?

[Telugodura456]

1 minute ago, DesiPokiri said:

Avanni kadhu Jin ping gadu house arrest aa kaadha? 

Aina rich ayyi em peekali China lo, jack ma gadi laga address lekunda maayam aipovala?

Yekkadiki poledhu jack ma. Not a single paisa taken from him. He did unethical business with this Ant financial and govt disciplined the company with huge fines.

Does indian govt have guts to fine Adani and Ambani ? china fined Alibaba, Ant pay, Meitan - all there top companies for anti-competitive policies and overworking their employees.

[DesiPokiri]

Just now, Telugodura456 said:

Yekkadiki poledhu jack ma. Not a single paisa taken from him. He did unethical business with this Ant financial and govt disciplined the company with huge fines.

Does indian govt have guts to fine Adani and Ambani ? china fined Alibaba, Ant pay, Meitan - all there top companies for anti-competitive policies and overworking their employees.

Why is jack ma not seen in media after political comments? How can they make him look like he is erased completely? 
when was the last time you see jack ma interacting with someone or seen in public? 
 

What’s the point of being rich and become billionaire if and govt can erase you and your identity within a day? 

[jalsa01]

3 minutes ago, Telugodura456 said:

Yekkadiki poledhu jack ma. Not a single paisa taken from him. He did unethical business with this Ant financial and govt disciplined the company with huge fines.

Does indian govt have guts to fine Adani and Ambani ? china fined Alibaba, Ant pay, Meitan - all there top companies for anti-competitive policies and overworking their employees.

E fines aa govt ni edo interview lo anakamundu chesunte nammetollam

[Telugodura456]

2 minutes ago, DesiPokiri said:

Why is jack ma not seen in media after political comments? How can they make him look like he is erased completely? 
when was the last time you see jack ma interacting with someone or seen in public? 
 

What’s the point of being rich and become billionaire if and govt can erase you and your identity within a day? 

Govt did not "erase" him for being rich. But for following unethical business praticces.

You really think these alibaba are saints ? they used to have cut throat business practices with very high restrictions on merchants.

[chef]

Chinki gaallu porn kuda chestara… how big is their industry?

[Telugodura456]

2 minutes ago, jalsa01 said:

E fines aa govt ni edo interview lo anakamundu chesunte nammetollam

They fined Didi and Meituan also. Vallemi analedhe govt ni ?

[Telugodura456]

Just now, chef said:

Chinki gaallu porn kuda chestara… how big is their industry?

banned in china.

[DesiPokiri]

1 minute ago, Telugodura456 said:

Govt did not "erase" him for being rich. But for following unethical business praticces.

You really think these alibaba are saints ? they used to have cut throat business practices with very high restrictions on merchants.

Lol still what happened to him? Why can’t we see him in public after those comments? Nowhere in the world billionaire  will disappear in a thin air , only happens on China 

[DesiPokiri]

1 minute ago, Telugodura456 said:

banned in china.

You are wrong, there are chinese forn movies

[Telugodura456]

Just now, DesiPokiri said:

Lol still what happened to him? Why can’t we see him in public after those comments? Nowhere in the world billionaire  will disappear in a thin air , only happens on China 

How many billionaire do you see in media ? I dont even see tim cook that much. Just few outspoken ones.

Jack ma gaadiki koncham thikka undhi le.

[Telugodura456]

Anyway @DesiPokiri i am talking about aam admi. Why are you obsessing over one individual Jack ma.

[DesiPokiri]

4 minutes ago, Telugodura456 said:

Anyway @DesiPokiri i am talking about aam admi. Why are you obsessing over one individual Jack ma.

Isn’t jack ma a Chinese citizen? Why are you so obsessed with Chinese getting richer and again contradict when I question about a Chinese rich man? 

[chef]

7 minutes ago, Telugodura456 said:

banned in china.

So pity. People should revolt