As you go out and have a good time on Cinco de Mayo tonight you might want to start your discussion with this little nugget. When it comes to dollar trading volume in stocks, China just passed the United States as the world's top trading center.
According to the National Inflation Association ....
With money following trade - the argument goes - China becomes the new financial center of the world. You can check out the rest of the discussion here.
- Mark
P.S. China has also passed the U.S. in terms of GDP, sort of ...
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| Shanghai's financial district, Pudon. The Pearl Tower sits in the middle, while the new 125-story Shanghai Tower is to the left. It's China's tallest building and the world's second tallest skyscraper, measuring 632 meters (2,073 ft). |
According to the National Inflation Association ....
In July of 2004, the dollar volume of US stocks traded on the NYSE and NASDAQ accounted for 68.96% of the world’s total stock market dollar volume. Last month, the dollar volume of US stocks only accounted for 31.47% of the world’s total stock market dollar volume.
China surpassed the US last month to become the new center of the financial world. For the month of March 2015, the dollar volume of Chinese stocks traded on the Shanghai and Shenzhen exchanges accounted for 40.6% of the world’s total stock market dollar volume.
With money following trade - the argument goes - China becomes the new financial center of the world. You can check out the rest of the discussion here.
- Mark
P.S. China has also passed the U.S. in terms of GDP, sort of ...
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