Mobius Says China Market Value to Overtake U.S. in Three Years
China’s market is valued at $3.2 trillion, compared with $11.2 trillion in the U.S., according to data compiled by Bloomberg. The Standard & Poor’s 500 Index, a benchmark for U.S. equities, has gained 4.1 percent in 2009, while China’s 4 trillion-yuan ($586 billion) stimulus package lifted the Shanghai Composite Index 75 percent this year.