China becomes Worlds Richest Country | Evergrande Crisis | Dhruv Rathee

According to a new report published in Bloomberg, China has become the World’s Richest Nation. It might sound like a news for celebration for China – overtaking USA and becoming the richest nation in the world, but on the contrary, many economic experts have pointed out that China is about to go int o a huge economic crisis. In this video, I first explain the concept of wealth, what does it mean to be the richest country and compare it with GDP Growth rate. And then I explain the looming real estate crisis, ghost towns in China and what are the possible solutions being implemented by Xi Jingping.
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0:00 Introduction
1:07 Wealth and GDP
2:50 USA vs China
6:16 Property Bubble
13:34 China's Response
15:11 Insane Property Prices
16:10 Three Child Policy
16:42 Increasing Wealth Inequality
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