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China overtook the United States to become the richest country on Earth

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According to Bloomberg, citing a recent study by McKinsey & Co, China is currently the richest country in the world.

Global wealth has tripled over the past 20 years, with China leading the way and surpassing the United States to become the world’s # 1 richest country. The study analyzed the national balance sheets of ten countries, which accounted for 60% of world income.

Global net worth increased to $ 514 trillion in 2020 from $ 156 trillion in 2000. “We are richer now than we have ever been,” said Jan Mischke, who works at McKinsey Global Institute in Zurich. China accounted for almost a third of the increase. The country’s capital rose to $ 120 trillion from $ 7 trillion in 2000, a year before joining the World Trade Organization, accelerating the economic recovery. The US, although it has doubled its net worth, has only $ 90 trillion. Thus, the US yields to China $ 30 trillion.

In both China and the United States, over 67% of wealth belongs to the richest 10% of households. McKinsey estimates that 68% of the world’s net worth is held in real estate, infrastructure, machinery and equipment and, to a much lesser extent, in so-called intangibles such as intellectual property and patents.

The report also warns that despite such numbers, China’s economy is at risk of being overwhelmed by property debt. One way to avoid this crisis, not only in China but around the world, is to secure productive investment that contributes to global GDP.

Otherwise, if asset prices plummet, up to 33% of the world’s wealth could be destroyed.

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Phones

The most productive low-cost Android smartphones around the world. There are two well-deserved leaders and one new contender for the throne in the AnTuTu ranking

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The AnTuTu benchmark team has published a ranking of mid-range Android smartphones for November 2021 for the international market. It differs markedly from the similar AnTuTu ranking in China.

According to AnTuTu experts, phones based on the Snapdragon 778G SoC continue to dominate the ranking of mid-range smartphones.

The most productive low-cost Android smartphones around the world.  There are two well-deserved leaders and one new contender for the throne in the AnTuTu ranking

For the fourth month in a row, Realme GT Master continues to reign in first place, gaining 537,231 points in November. As noted by AnTuTu, Naoto Fukasawa’s suitcase-style design has made this smartphone very recognizable and one of the hottest on the mobile phone market this year.

The second place is also taken by the Xiaomi Mi 11 Lite for the fourth month in a row with 524,464 points. But the Honor 50 burst into third place with 516 915 points, which was not previously represented in the international ranking. It’s funny that a new generation series, Honor 60, has already been presented in China.

Then in the ranking are Xiaomi Mi 11 Lite 5G NE (505 274), Huawei Nova 9 (499 078), Galaxy A52s 5G (498 705), Galaxy M52 5G (490 762), Huawei Nova 7 (457 964), Oppo Reno6 5G (429 879), Xiaomi Mi 10T Lite 5G (388 719).

Statistics collected from November 1 to November 30, 2021. The AnTuTu rankings use average, not the highest scores. For each smartphone, the results of at least 1000 tests were taken into account – models with fewer tests are not included in the rating.

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News

“Hopefully we see better performance out of the box,” PCMag compares Snapdragon 8 Gen 1 to Apple A14 Bionic and Apple A15 Bionic

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PCMag had the opportunity to test the new Snapdragon 8 Gen 1 SoC and compare it with the Apple A14 Bionic and Apple A15 Bionic.

Based on the test results, PCMag concluded that the Snapdragon 8 Gen 1 is indeed better than its predecessor, but still loses to Apple’s latest SoC. The tests themselves were carried out on a prototype that the chipmaker showed off at the Snapdragon Summit booth. The prototype received a FullHD + display with a frequency of 144 Hz, 8 GB of LPDDR5 RAM and 512 GB of UFS 3.1 flash memory.

In terms of processor performance, the Snapdragon 8 Gen 1 processor is on par with the Apple A14 Bionic found in the iPhone 12 and is inferior to the Apple A15 Bionic. Compared to its predecessor, the new platform shows an increase of about 15%, but not 20%, as stated by Qualcomm.

The prototype worked well in the Basemark web browser, but it is far from the iPhone 13 in terms of performance. Where Qualcomm’s flagship SoCs have always done well is the graphics power. Snapdragon 8 Gen 1 is no exception: according to the results of the GFXBench 5 test, the new Adreno video accelerator confidently outperforms all competitors, including the Apple A15 Bionic.

Snapdragon 8 Gen 1 also looks decent in PCMark Work 3.0. At the same time, testers note that the prototype with Snapdragon 8 Gen 1 often worked incorrectly, some applications crashed. Therefore, it is too early to draw final conclusions. Already, there are concerns that the new chipset generates a lot of heat and overheats.

The prototype was buggy and unoptimized (Android’s multitasking button often didn’t work and Basemark Web crashed several times). Hopefully we will see better performance from off-the-shelf products like the Samsung Galaxy S22 and OnePlus 10.

PCMag

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Software

The most productive Android flagships around the world. A promising newcomer burst into the Top 3 of the Antutu ranking

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The team of the popular AnTuTu benchmark has published a fresh ranking of the most productive smartphones based on the Android operating system in the international market. It differs markedly from the ranking compiled by AnTuTu in China.

And if models based on Qualcomm Snapdragon 888+ have finally reigned in the Chinese AnTuTu ranking, a smartphone based on this SoC first appeared in the international ranking in November.

This smartphone was the Asus ROG Phone 5s Pro, which debuted in Europe in November and took second place in the Antutu ranking, gaining 845,326 points. But he has not yet been able to get around the leader of the rating – the first place is still held by Nubia Red Magic 6 Pro with 860 400 points. Asus ROG Phone 5 with 824 940 points dropped to third place from the second.

The most productive Android flagships around the world.  A promising newcomer burst into the Top 3 of the Antutu ranking

Then there are Realme GT (815 738), iQOO 7 (811 593), Sony Xperia 1 III 5G (795 105), OnePlus 9 Pro (792 261), Xiaomi Mi 11 Ultra (785 673), Asus Zenfone 8 Mini (783 885 ), Samsung Galaxy S21 Ultra 5G (782 652).

Statistics collected from November 1 to November 30, 2021. The AnTuTu rankings use average, not the highest scores. For each smartphone, the results of at least 1000 tests were taken into account – models with fewer tests are not included in the rating.

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