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China Rewards its Own
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China Rewards its Own

Our Correspondent
Nov 07, 2007
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China Rewards its Own
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The real story behind the PetroChina A share issue in Shanghai this week is not, contrary to almost unanimous press reports, that it is now the world’s highest capitalized company and for a day was worth over $1 trillion. That is nonsense anyway. The value is extrapolated from the market price of just 2 percent of the company’s shares. The real story is…

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