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Oct 16 2007 12:28PM EDT

China Datapoint of the Day

Eight of the 20 biggest public companies in the world, by market capitalization, are Chinese. The US has just seven of the top 20.

To put it another way, China Mobile is worth more money than Microsoft, and China Life Insurance is worth more money than Citigroup.

Is all this a consequence of the Chinese stock-market bubble? Well, yes. But also: Welcome to the 21st Century.

(Via Abnormal Returns)

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