South Korean media: China's total assets are 5.5 times that of India, the gap in economic strength still exists!
On July 31, South Korean media NEWSPIM published an article stating that although India's economy is the fastest growing among major countries in the world, its economic strength still lags behind its competitor China. Some analysts believe that this gap is unlikely to narrow in the short term.
It is reported that China's current total assets amount to 84.5 trillion US dollars, which is 5.5 times that of India's 15.4 trillion US dollars.
China's share of global assets has rapidly increased from 3% in 2000 to 18.6% today, while India's share is only 3.4%.
Data analyst Abhijeet Awasthi said, "China has achieved the most significant wealth accumulation in modern history," and pointed out that the economic gap between India and China is widening.
China's household wealth also far exceeds that of India. The median wealth of Chinese adults is currently 27,000 US dollars, seven times that of India (3,700 US dollars). In terms of average wealth, there is also a huge gap between the two countries, with China at 75,000 US dollars and India at 16,500 US dollars.
Awasthi analyzed, "China's average wealth is seven times that of India, which is a direct result of the growth of the middle class."
Additionally, the number of high-net-worth individuals in China leads Japan and India, ranking second in the world, just behind the United States.
Original article: https://www.toutiao.com/article/1839164862455115/
Statement: This article represents the views of the author.