China and Asia-Pacific to pass West in global wealth rankings
By Paul Welitzkin in New York | China Daily | Updated: 2017-06-16 07:08
Led by China, the Asia-Pacific region will surpass Western Europe this year as the world's second-largest wealth market behind North America.
Boston Consulting Group confirmed that the Asia-Pacific region will probably have wealth assets of about $42.3 trillion by the end of 2017, compared to $41.9 trillion for Western Europe.
The company separates Japan from the Asia-Pacific region.
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