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.
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