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Tuesday, February 27, 2007
China Market Crash. What does it mean?
Probably not much. It looks to be a time to pick up a favorite stock or two on a buying opportunity.
To put China in perspective, the Chinese stock market capitalization was about US$800 billion. For comparison The United States has a total stock market capitalization of $20 Trillion. The US market cap grows on average 8% a year. That implies $130 Trillion by 2030.