Since the beginning of the 21st century, China has been getting rich faster than the rest of the world, surpassing the United States in terms of income, according to the reports of the consulting company McKinsey. Global wealth as a whole has tripled over the past 20 years. Experts call the rise in house prices as the reason for the explosive growth in global incomes.

McKinsey studied the net assets (the value of all assets owned by people and businesses) of ten countries, which account for more than 60 percent of global income. The total wealth of the world in 2020 has grown to 514 trillion from 156 trillion in 2000. China accounted for almost a third of this growth – the wealth of its national economy rose from $7 trillion to $120 trillion. In the United States this figure has more than doubled to $90 trillion. In both economies more than two-thirds of the assets are owned by 10 percent of the population, and their concentration is growing.