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Axtremus
Minor Deity
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posted
These factoids captured my attention:

quote:

The New York Stock Exchange and Nasdaq are jointly capitalised at around US$50 trillion as of last year. Astonishingly, this is equal to more than 170 per cent of US gross domestic product.


In comparison, the second largest economy:

quote:
... China’s market capitalisation is about 60 per cent of GDP, according to CEIC Data


Source: https://www.scmp.com/opinion/w...snt-looking-so-great

I don't really pay that much attention to whatever opinions expressed in the article, but the contrast of the U.S. stock market capitalization relative to GDP and China's captured my attention.


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www.PianoRecital.org -- my piano recordings -- China Tune album

 
Posts: 12699 | Registered: 01 December 2006Reply With QuoteReport This Post
big al
Beatification Candidate
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posted Hide Post
Interesting comparison. In a way, I'm surprised that a historically communist economy could now have as large as 60% of GNP capitalization. It's a gauge of how far market economics has been allowed to enter Chinese society.

Big Al


--------------------------------
Money seems to buy the most happiness when you give it away.

Why does everything have to be so complicated, all in the name of convenience. -ShiroKuro

A lifetime of experience will change a person. If it doesn't, then you're already dead inside. -MarkJ

 
Posts: 7422 | Location: Western PA | Registered: 20 April 2005Reply With QuoteReport This Post
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