China's rebound from Covid-19 slump driving Asia-Pac wealth growth

Singapore

CHINA is bouncing back to drive gains in household wealth out of Asia-Pacific - the only region in the world to record a gain in the first six months of the annus horribilis that is 2020.

As a new Credit Suisse report this month showed, China's outperformance has steadied total global wealth, helping it to edge up 0.3 per cent - or about US$1 trillion - to US$400 trillion since the start of this year to end-June.