Editorial: Steady Growth Remains Dependent on Reform and Opening up - Just as the course of the Yangtze and Yellow rivers cannot be reversed, we cannot, and will not, close this door of opportunity
A research report by McKinsey and Company last week shocked many and was also broadly reported by global media which says that world s wealth rose to $514 trillion at the end of 2020, and China, miraculously, emerged at the top of the net worth list, surpassing the US. The report said China s wealth reached $120 trillion in 2020, compared to $90 trillion for the US. Germany, Japan, Britain, France, South Korea and other countries share the list.
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