Credit Suisse points out that "dollar billionaires" will increase by 40% worldwide in 2569; China is expected to take the lead.

Yahoo! Finance reported on October 31, 2565 that Credit Suisse's new 2565 Global Wealth Report indicates that the number of billionaires is increasing. It is expected to increase globally by 40% in the next 5 years, or by 2569 there will be more than 87.5 million millionaires worldwide.

Many people may think that the United States is about to become much richer. But in reality Currently, the leading producer of millionaires is not the United States, but China. China has certainly lost a great deal of productivity and economic momentum during the COVID-19 pandemic. Due to the lockdown measures in the country. But developing markets tend to recover faster from economic downturns.

Credit Suisse reports that private sector wealth will increase 36% by 2569 to $169 trillion. This has increased due to the current decline in the Chinese market. The MSCI China Index is down more than 30% year-to-date.

However, growth in China still poses risks. Especially because of political tensions with the US and the 2567 deadline for some Chinese stocks to be delisted from Wall Street. Meanwhile, the competition between the two countries in technology, energy, and telecommunications continues unabated, with China ETFs to consider.

If you want to invest in Chinese exchange traded funds. Low prices make this a good time given the size of China's economy. It tends to recover faster than other developing countries. With that in mind, consider these top ETFs.

WisdomTree China ex-Owned Enterprises Fund (CXSE) is an interesting option. This is because communication services and cyclical stocks have dropped significantly. It also has a non-state strategy that allows the company to invest in emerging markets with less risk than other China ETFs.

If you're looking for huge growth opportunities, the Emerging Markets Internet & Ecommerce ETF (EMQQ) still has merit. The internet and e-commerce sector has great growth potential in China. If the technology industry recovers This fund can be a leader among technology sector ETFs with lower costs than U.S. funds.

ETFs provide easy access to growing industries. and avoid the volatility that comes with betting on a single stock. As with many investment strategies, patience is key. China has shown strength in manufacturing, e-commerce and electric cars to name a few areas that are very promising.

refer : https://finance.yahoo.com/news/number-millionaires-spike-40-globally-140000391.html