PetroChina becomes world's top-valued company

[numbercruncher]

Now this just cracks me up ....

SHANGHAI (AFP) - PetroChina became the world's largest company by market value Monday, worth about one trillion dollars -- double the value of ExxonMobil -- as its shares surged in their debut on the Chinese mainland.

In terms of earnings, however, PetroChina does not even make it into the top 50 companies of the world, raising a red flag both about the valuation of the firm and the overall sustainability of the Chinese stock boom.

http://au.news.yahoo.com/071105/19/14ukj.html

Why dont they build some casinos or something for all these peoples excess cash.

 

[Pommiegranite]

Now this just cracks me up ....




http://au.news.yahoo.com/071105/19/14ukj.html

Why dont they build some casinos or something for all these peoples excess cash.

lol....i laughed when i heard about this. Unreal...really unreal

 

[Temjin]

Now this just cracks me up ....




http://au.news.yahoo.com/071105/19/14ukj.html

Why dont they build some casinos or something for all these peoples excess cash.

Gambling are banned in China.

That's why they gamble in the stock market instead.

 

[Poker]

The answer: Asia's Las Vegas - Macau

 

[Diewlei]

Very soon will be the other way around; Las Vegas - America's Macau