China's Market Overtakes Japan's
By David Berman
China has achieved yet another major milestone on its journey to economic superstardom: It has passed Japan as the second largest percentage of world market cap. According to Bespoke Investment Group, Chinas stock market accounts for a 7.38 per cent slice of the global total, versus 7.05 per cent for Japan's.
Of course, Japans stock market was hammered in the wake of the devastating earthquake, tsunami and nuclear crisis earlier this month, which put China in the passing lane. Japan could easily catch up as its companies get back on their feet. Still, its an early indication of where China is headed in the longer term. Its share of the global market was a mere 1.25 per cent in 2005.
China has some room to grow before it threatens the United
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