China never had a chance.
Recent market calamity has measurably narrowed the market cap gap between China and Japan.
China’s combined market capitalization was double Japan’s on June 12, when the value of stocks trading on Chinese equity exchanges briefly exceeded $10 trillion. The ratio narrowed to 1.2 times at yesterday’s close.
Perhaps the new bottom of the Chinese market will be when it reaches parity with Japan? I’m sure we’ll find out soon.
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won’t matter .. thus it is written – China will be the next world super-power and Japan will fall into the sea, eventually
Japan on top? Bring back the 80s! Had more hair then …