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Thread: China's stock market value surpasses 20 trillion Yuan!!!!
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[quote=KATRINA,242235]Source: Xinhua News. According to Xinhua News, the market value of Shenzhen and Shanghai Stock Exchange has reached 20.35 trillion Yuan. In 2005, it was about 3 trillion Yuan. Till August 3rd in 2007, it reached 20.35 trillion. Once it exceeded 8, 9 and 10 trillion just in 20 days. What does this suggest? According to statistics from the NBS, the GDP of the first half year was 10.68 trillion yuan and the economy volume of last year is 21 trillion yuan. The aggregate market value is equivalent to almost 100% of GDP. Some analysts say that there are five factors which boost the value of China's stock market, included are the rapid growth of China's economy and the profit of Chinese enterprises, the excess liquidity, state share reform and the issue of several blue chips. Meanwhile, it is said that the growth of the macro-economy may reach 11.3%. [/quote]
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