#China does not have a single company in the Top 10 of the world’s most valuable companies after a disastrous 2021 stock mkt year. Tencent, w/a market cap of $562bn, only makes it to #11. And Alibaba now ranks 28th in the world. Even Kweichow Moutai is now valued higher. h/t Holger Zschaepitz
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