After last weeks raise in gas price by 10% in China, PetroChina is gaining really big in the stock market. It overtook ExxonMobile to become the world's number 1 Company in terms of value.
IT IS valued at 1 trillion us dollars!! More than double of the value of ExxonMobile.
However, in terms of profit, it's not in even top 50 in the world. Scary!! The government is really controlling the gas markup in China, and the bubble is building up, more cool-down is needed.
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