Wow, a Chinese company–Petro China–has just become the world’s largest company. And now China has four of the 10 largest companies in the world, tied with the US. The article also notes that China’s economy is currently ranked third largest in the world and will soon pass Japan into seecond spot. $336,000,000–that is the new value of Petro China after a rise in China’s stock market of 43% this year.
No big deal having the largest company in the world, but I would bet some of my Chinese friends are proud.