On China's corporate growth.

• Author: Rees, Matthew
• Position: Just the facts: TIE's Executive News Service - Brief article

"Today, three of the world's largest six companies by market capitalization are Chinese (by way of contrast, five of the six most valuable companies in 1989 were Japanese). Chinese banks and insurers are selling for large multiples of book value. The combined market capitalization of Chinese companies, listed both at home and abroad, is more than double the country's GDP (at their peak in early 2000, U.S...