Commentary Western banks are hungry for access to China’s household investable assets, which will exceed $70 trillion by 2030, according to Goldman Sachs. China’s households will reportedly allocate more than half that amount to mutual funds, securities, and wealth management products. In 2020 alone, China’s broader wealth market amounted to $18.9 trillion. According to China…
China’s $70 Trillion Up for Grabs: A Risk to Democracy
May 28, 2021
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China’s household investable assetsGoldman Sachs Asset ManagementIndustrial and Commercial Bank of China (ICBC)OpinionSteve MnuchinThinking About ChinaViewpoints
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