Forecasters spend more time pondering China's future than probably any other market on earth. When will it become the world's largest consumer market By 2015. When will it become the world's largest investor in research and development By 2025. And then eventually it will become the world's largest economy by 2035.
These are significant milestones on China's path but it's the trajectory of growth and economic development that rightly attracts all the attention. However, turning to the China of today rather than tomorrow, China can already lay claim to being one of the world's leading capital markets -- if not in fact its most important market.
China's stock market capitalisation passed that...
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