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|Global Wealth Report 2018, Look at the Big Data of the World's Rich
On October 18, the Credit Suisse Research Institute released the Global Wealth Report 2018. The report shows that in the past 12 months up to the end of June 2018, global wealth grew by 4.6% to $317 trillion, exceeding the growth rate of global population.
Global per capita wealth grew by 3.2%, raising the global per capita wealth to a record $63,100.
Emerging markets account for 21% of global wealth.
Among them, the United States contributed the most, increasing its wealth by $6.3 trillion, bringing its total wealth to $98 trillion.
China ranks second in the global wealth list, with total wealth rising by $2.3 trillion to $52 trillion, just behind the United States.
The report predicts that China's total wealth will increase by another $23 trillion over the next five years, raising its share of global wealth from 16% in 2018 to 19% in 2023. It is noteworthy that China's debt index averages only $4690, equivalent to 9% of total assets.
Although there are concerns about the growing debt of Chinese households, the debt ratio is still very low by international standards.
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