A year and a half ago, only one Chinese firm (Petrochina, at number 16) was included in the list of the 20 largest firms by market value (see here). As of mid-October, that proportion had risen to 8 out of 20, including 3 out of the top 6 spots.
While Facebook may have a crazier valuation, the sheer scale of the Chinese market's rise is breathtaking.
Wednesday, October 24, 2007
Yet another shocking China fact
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