China, which is slowly emerging from a traditional state economy, can boast of having the largest company in the world as of this morning. The largest local oil and gas producer – PetroChina – after its initial public offering achieved a market capitalization, that is, the value of the company measured by the market price of its shares, of one trillion and 100 billion dollars.
This is more than double that of the second largest, another energy giant Exxon Mobil, it was reported in the morning news of HTV.
