5 Richest Countries in Asia

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1. China

Total Wealth in 2021: $85,107 bn

China, known officially as the People’s Republic of China, is situated in East Asia. Beijing serves as the national capital, while Shanghai stands as the most populous city and largest financial center. China is recognized as one of the rapidly growing major economies globally, holding the title of the world’s largest manufacturer and exporter. Additionally, it holds a significant position as a major importer. As a nuclear-weapon state, China boasts the world’s biggest standing army in terms of military personnel and allocates a substantial budget for defense purposes. In 2021, China was the wealthiest Asian country.

Amendment: A previous version of this article mentioned incorrect units for wealth figures. The article was updated and corrected at 5:07 PM ET on June 7, 2023

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