China operates multiple different sovereign wealth funds, primarily backed by profits from a trade surplus

Sovereign wealth funds in the Middle East and Asia surged after the 2008 financial crisis.

The majority of the world's sovereign wealth funds are controlled by nations in Asia and the Middle East

Norway operates the world's single largest sovereign wealth fund, but Asian and Middle Eastern countries operate the rest of the top 10 largest SWFs. The Middle East alone accounts for more than $5T of the world's entire sovereign wealth.

Because of their size, sovereign wealth funds create anxiety about foreign undermining of financial systems

Across the board, sovereign wealth funds have an immense amount of capital, and, therefore, influence in global financial markets. Critics argue that this influence could enable a foreign country to harm another country's financial market by either investing adversely in competitive markets or by withholding critical capital.

Abu Dhabi operates 6 different sovereign wealth funds—one of which is the most active SWF in the world

Abu Dhabi, the capital district of the United Arab Emirates, manages its own funds distinct from those held by the United Arab Emirates federal government. Like other SWFs in the Middle East, the funds are secretive, but they are estimated to be worth about $1.8T altogether. Mubadala, one of Abu Dhabi's SWFs, became the most active fund in the world in 2024, deploying nearly $30B.

In 2025, sovereign wealth funds invested more than $66B into artificial intelligence

Developing artificial intelligence, both from a hardware and software perspective, is time and resource-intensive. Sovereign wealth funds, particularly those in the Middle East, have heavily invested in critical AI infrastructure, like data centers.

In the UK, foreign sovereign wealth funds can claim diplomatic immunity

In 2025, a court in London found that sovereign wealth funds and their executives can claim diplomatic immunity in legal cases, given the funds' foreign ownership and their role in the private sector. The ruling furthered speculation about the ethics of these funds, particularly from countries accused of human rights violations.

Norway operates the largest SWF in the world—managing more than $2T in assets

The fund is considered the gold standard SWF because of its transparency around investments, politically independent governance, and strong ethical boundaries that serve as the backbone of the investment philosophy. For example, fund managers will not invest in coal, tobacco, or nuclear weapons, because these investments are considered harmful to humanity.

Alaska's sovereign wealth fund pays people to live in the state through an annual dividend

While the US doesn't operate a federal sovereign wealth fund, several states run SWFs—the most well-known being the Alaska Permanent Fund. Unlike most SWFs, the Alaska Permanent Fund sends cash payments averaging roughly $1.2K each directly to Alaskan residents each year.

Written by 26 sovereign wealth funds in 2008, the 'Santiago Principles' provide generally accepted principles for fund management and governance

Sovereign wealth funds are not regulated, but many of the funds voluntarily follow the Santiago Principles (though, to a varying extent). Some of the principles include transparent financial objectives, clear accountability structures, regular performance reviews, and annual auditing.

Hardline China critics in the US worry that China's Belt and Road Initiative is a Trojan horse for military expansion efforts

The Belt and Road Initiative, initially launched in 2013 to develop trade routes throughout Europe, Asia, and the Middle East, has evolved into a larger infrastructure development initiative in developing countries. The BRI is backed by the Silk Road Fund, which is administered by the two most prominent Chinese sovereign wealth funds.

China is the world’s largest importer of crude oil

China is pushing to reduce its reliance on US oil to limit geopolitical vulnerabilities. It’s rapidly becoming the world’s renewable energy superpower.

Trade between the US and China has significantly increased in recent decades.

Visual Capitalist shows the top 50 countries by central bank reserves

As of 2024, China, Japan, and the United States held the top three spots in terms of the value of their respective central bank reserves.

As of 2025, China has been awarded the most deep-sea mining contracts by the ISA

The International Seabed Authority—established by the 1982 United Nations Convention on the Law of the Sea—grants 15-year contracts for governments and private companies to legally search for minerals and test seabed mining technologies. China is already the global leader in the processing and refining of critical minerals.

As of 2022, Canada has the most planned critical mineral mines

Wealthy nations are tapping into their domestic critical mineral reserves and buying up mines in poorer countries. The US, the UK, Canada, Australia, and China are taking the lead, with Chinese operations spanning all continents except Antarctica.

Hear Ray Dalio talk about the growth of the Chinese economy

Dalio was an early advocate of US investment in China. While he has previously criticized the authoritarian regime, his criticism of the government has been labeled mild relative to his praise for economic growth and innovation—critics argue that he has minimized human rights violations in the country.

Nearly all of China's construction sand is artificial

Roughly 50 billion tons of sand are used in construction every year, mostly extracted from oceans, beaches, and rivers. To avoid depleting natural sand deposits, China crushes rocks and used materials to create an artificial sand, which it uses in 80% of its construction projects.

China's WTO membership produced significant disputes

Two decades after China joined, its trade practices—such as state subsidies, intellectual property disputes, and market access restrictions—have sparked accusations that it has not fully met WTO commitments of free and open trade.

China joined the WTO in 2001

After 15 years of negotiation, China joined the WTO as the 143rd member. This move gave it access to the global market in exchange for commitments to economic liberalization, despite skepticism from existing members about integrating a state-controlled economy into a free-market system.

China had an inflation rate of -0.4% in August 2025

As opposed to other G20 countries that are largely struggling with high inflation rates, China is facing deflation. Sluggish growth in the country's once booming real estate market is just one glimpse into the consumer slowdown triggering deflation.

The massive sinkholes of China

Parts of China's limestone-rich terrain is fertile ground for massive caves, where some of the world's largest sinkholes are located. Hidden away in dense, lush forests, geologists are frequently discovering new sinkholes to explore. This piece...

As of 2022, China has the largest reserve of rare earth elements

At 37.9% of estimated global reserves, China possesses twice the amount of REEs as Vietnam, the next closest nation. REEs, or lanthanides, are a set of 17 elements on the periodic table, which, alongside scandium and yttrium, share similar chemical properties that make them difficult to separate from within ores.

The Lunar New Year is a major driver in China's economy

The annual festival brings in billions of dollars in both foreign and domestic tourism. The 2026 holiday includes an additional day, something Chinese officials hope will provide an even bigger boost to the country's somewhat stubborn national retail sales.

How China's 'one country, two systems' works

"One country, two systems" is a principle put forth by the People's Republic of China as its approach toward formerly independent regions like Hong Kong and Macau. Supposedly promising administrative independence, China has not always been consistent in its application. Currently, it plans to offer the same arrangement with Taiwan. Learn more in this brief video.

Social Security’s financial operations are handled through two federal trust funds

One is called the Old-Age and Survivors Insurance trust fund, and the other is called the Disability Insurance trust fund. Combined, these two trust funds were valued at roughly $2.7T as of the end of 2024.

Social Security’s financial operations are handled through two federal trust funds

One is called the Old-Age and Survivors Insurance trust fund, and the other is called the Disability Insurance trust fund. Combined, these two trust funds were valued at roughly $2.7T as of the end of 2024.

Nearly 70% of the US government’s debt is domestic

This includes intragovernmental holdings like the Social Security Trust Fund and investments from US citizens, banks, and mutual funds. About 30% is foreign-held, with countries like Japan and China as major creditors, investing in US Treasury securities due to their perceived safety.

The majority of capital in private equity funds is provided by institutional investors

The individuals who invest this initial capital are called the firm's limited partners. Private equity firm LPs include sovereign wealth funds, university endowments, high-net-worth individuals, and more.

The roughly 11 countries in BRICS, an economic coalition created to counter the G7, collectively hold about 40% of global gross domestic product when adjusted for purchasing power parity.

China's National Sword policy banned imports of most recyclable materials

In 2018, China stopped accepting most of the world's recyclables. This highlighted how dependent the US recycling system was on a single foreign buyer and forced cities to landfill materials they had once diverted.

Explore a list of the world's largest mutual funds.

China is now viewed more favorably than the US in a majority of 36 countries surveyed this year.

As oil revenues decline, many Gulf States are investing in professional sports through sovereign wealth funds

Gulf States—including the United Arab Emirates, Qatar, and Saudi Arabia—have invested tens of billions of dollars in professional sports, owning high-profile soccer clubs like Paris Saint-Germain and Manchester City. Many of these investments have been characterized as an increase in these countries' soft power, or global cultural influence, in Western countries, where the Middle East remains relatively misunderstood.

Investing in mutual funds can give you access to a wide range of securities, such as stocks and bonds, with just a single investment.

More than 2,000 family offices operate in Singapore

The “Switzerland of Asia,” Singapore, is a haven for global wealth and has attracted a growing number of family offices to set up shop there.

China doubled its nuclear stockpile between 2020 and 2025, with plans for further expansion.

Mutual funds pool money to create larger investment opportunities with higher returns for anyone who initially invests in the fund.

Some Ivy Leagues are worth billions of dollars, managing massive endowments to support their operations and investing donations for long-term growth rather than spending them.