Shares of Chinese companies have risen in price by almost five trillion dollars in 2020 thanks to the country’s rapid recovery from the coronavirus pandemic, writes “Interfax” .
The capitalization of Chinese companies soared 41 percent (to $ 16.7 trillion) from the beginning of the year to December 22. According to this indicator, the PRC has overtaken the USA by two times. The capitalization of American companies increased by 21 percent (to 41.6 trillion). Experts point out that this has been a very successful year for China.
Earlier it became known that the Chinese authorities declared war on the main rich man of the country – to the founder of Alibaba Jack Ma . According to The Wall Street Journal, the President of the People’s Republic of China Xi Jinping because of Jack’s statements Ma ordered to stop the public offering of Ant Group (a subsidiary of Alibaba), which entered the Chinese stock market.
Earlier, the billionaire criticized the rules that govern the high-tech industry in the country. As a result, the State Administration for Market Regulation (SAMR) of China announced the start of an investigation against Alibaba .