Remember, back in November, when China overtook Japan in stock market capitalisation? Well now there's no contest: China's market is worth about $1tn more (see chart).
The Shanghai Composite jumped 2.1 per cent on Wednesday, marking a new high since May 2008. Year to date the Shanghai index has now risen 10.6 per cent.
That undershoots a 12 per cent gain for Tokyo's Nikkei 225 this year. It's is at a 15-year peak.
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