China is not necessarily "richer" than the United States when considering metrics like GDP per capita; however, it has a larger overall GDP due to its vast population and rapid industrialization. The country has experienced significant economic growth over the past few decades, driven by manufacturing, exports, and investment in infrastructure. Additionally, China has a large domestic market that fuels consumption, contributing to its economic strength. While it may have a higher total GDP, the US still leads in wealth per individual and innovation.
Could be. We are currently borrowing money from them.
yep!! cos it got loads of factories but it also is polluted!
no England is not richer then America. America is richer!!
The US has a trade deficit with China. That means China sends the US goods worth worth more money than those the US sends China.
Australia, in terms of net worth, is richer than Canada currently.
Actually, the answer to this is that in terms of GDP per capita, Japan is richer. However, if you look at the GDP figures of the two countries, China has a larger value, though in terms of richness Japan is richer because its per capita is larger than China!
Could be. We are currently borrowing money from them.
yes
yep!! cos it got loads of factories but it also is polluted!
Financially yes. Culturally no.
The Bank of China is one of the four state-owned commercial banks in the People's Repulic of China. Its revenue in 2011 was 413.10 billion renminbi, which is equivalent to $66.10 billion. The revenue in 2012 of the Bank of America was $83.33 billion. Therefore the Bank of America is richer than the Bank of China.
Yes, as of 2011 China's GDP per capita is at 8,442 while Nigeria's is at 2,532.
As of current data, countries with a higher GDP per capita than the US include Qatar, Luxembourg, Singapore, and Switzerland. It is important to note that GDP per capita measures the average economic output per person in a country.
Do you mean as total gdp? China ofcourse.
yes usa is the richest country in the world
In terms of gross domestic product (GDP), the United States has an income of US$14.72 trillion. Mexico has a GDP of US$1.56 trillion. In this general terms, the United States are more than nine times richer than Mexico.
China is smaller than the US by about 257,000 km2