China Become the world’s Richest Nation as per 2020Analysis
In2000, china’s wealth is 156Trillion, in 2020 wealth reached 514 trillion also beating America. Now the china holds the record of world’s richest Nation
Economists generally attribute much of China’s rapid economic growth to two main factors: large-scale capital investment financed by large domestic savings and foreign investment and rapid productivity growth. … As a result, China’s gross savings as a percentage of GDP is the highest among major economies.
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