In particular, it is important to stress that the current prevalent fears of growing Chinese ownership are a pure fantasy. The wealthy countries are in fact much wealthier than they sometimes think. The total real estate and financial assets net of debt owned by European households today amount to some 70 trillion euros. By comparison the total assets of the various Chinese sovereign wealth funds plus the reserves of the Bank of China represent around 3 million euros, or less then one-twentieth of the former amount.
T. Piketty, Capital in the 21st century (2013), 463
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