While GDP (PPP) of China and USA are similar, this isn&#x27;t the same as saying that their <i>wealth</i> is similar.<p>The USA&#x27;s net national wealth is about $85 trillion, while China&#x27;s is about $22 trillion. I have a feeling that a much larger proportion of the USA&#x27;s stock market is held by foreigners compared to China.<p>It is possible that drops (or raises) in the Chinese market actually affect Chinese wealth <i>more</i> than in American markets...<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;National_wealth" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;National_wealth</a>