China is making huge economic investments in Africa — a win-win or natural resource exploitation?
Support Tibet against China’s colonization of Tibet!
People started wearing shoes around 40,000 years ago, according to a study on recently excavated small toe bones that belonged to an individual from China who apparently loved shoes.
Forbes publishes an annual list of 2000 world’s biggest companies. They are ranked according to 4 criteria – sales, profits, assets and market capitalization. The current list reflects 2007’s biggest companies, however, expect 2008’s landscape to be fairly different with companies like PetroChina making it towards the top of the list where as Citigroup and other banks probably tumbling down a few places. (List published towards the end of March.)
“The mainland has leapfrogged past Japan to become the world’s second-largest stock market in terms of capitalisation, thanks to robust trading and a rash of mega listings.
Bloomberg’s tally put the total market value of the Shanghai and Shenzhen stock exchanges yesterday at the equivalent of US$4.72 trillion. While the financial news service does not have an updated version of Japan’s stock market value, the Tokyo Stock Exchange’s website logged a total yesterday of 441.84 trillion yen (HK$32 trillion), translating to just US$4.11 trillion.”