China achieves one more hard milestone, defeats the United States

China

China

 Report says, China has overtaken the United Stary in the list displaying the richest countries in the World. It is seen as a milestone by many. Jan Mischke, a partner at the McKinsey Global Institute in Zurich boasted in front of the media by saying,'We are now wealthier than we were before. China and the United States - both the countries have been designated as third world countries till now. There has been a "Cold War" going on between these two countries , though none of them are going to accept the fact in public.

Experts are saying,'The Corona pandemic has played a vital role in boosting China's economy. It was the Chinese government, who started suppy the PPE kit, masks, sanitizers and many more items which had been too much necessary at the last part of 2019. Due to the extreme demand and no other competitors, China had easily played the monopoly market policy.'

McKinsey stated,'More than 67% of the global net worth is stored in real estate. It has been balanced in such a way that it is more inclined towards the infrastructure, machinery and equipment. The country's financial assets are not counted in the statistics for global wealth because they are effectively offset by liabilities.'

More

SPORTS

KL Rahul and Rashid Khan

KL Rahul and Rashid Khan allegedly approached by Lucknow, complaint lodged by PBKS and SRH

The deadline by which all 8 IPL franchises should give the list of players that they would like to retain ahead of the mega auctions is 30th November...

IPL 2022

Retainment Player List of IPL 2022

By Tuesday evening, the official list of retainment will pour in after the selection procedure of the eight original franchises. As per the repor...

States & UTs

Resident doctors

Resident doctors in Karnataka go on a strike from the 29th of November

The association of the Karnataka doctors on Sunday went on for a statewide strike from the 29th of November the reason for the strike being the three-...

International Trade Fair

Bihar bestowed with gold Award at 40th International Trade Fair

Bihar secured the first position with a gold Award at the 40th India International Trade Festival (IITF) for its excellence in display in state govern...

POLITICS

Akhilesh Yadav

UP educational system corrupted, Akhilesh Yadav alleges

UPTET 2021 Paper was reported to have been leaked. Samajwadi Party chief, Akhilesh Yadav intimates e...

Tripura Municipal Election

BJP Leads Tripura Municipal Election Results 2021

Tripura Municipal Election Results 2021: The counting of votes for over 200 seats in the Agartala Mu...

ENTERTAINMENT

Ranveer Singh

Ranveer Singh Playing Kapil Dev in 83:Trailer Launch

The trailer of 83 is finally out after much wait and speculation. The film is based on India's w...

Sanjay & Poonam’

Another celebrity wedding completed at the end of 2021

 Another celebrity wedding completed at the end phase of the year 2021. This time the couple is...

About

The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.