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Ranked: The 20 Top Chinese Stocks by Market Cap, and Performance YTD

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See this visualization first on the Voronoi app.

Ranked: The 20 Top Chinese Stocks by Market Cap, and Performance YTD

The Top 20 Chinese Stocks by Market Cap

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

It has been widely reported that Chinese stocks have underperformed in recent years, with both the Hang Seng Index and the SSE Composite Index down from their 2021 highs.

Despite this broader trend, some Chinese companies have appreciated significantly in price over the past year.

To learn more, we’ve visualized the market capitalizations of the 20 top Chinese stocks. In addition, the color scale in this graphic represents each company’s one-year price change in percentage terms. All figures are as of March 7, 2024.

CompanySectorMarket Cap ($B)1-Yr Change (%)
TencentTechnology$328-22.5
Kweichow MoutaiFood & Beverage$294-4.9
ICBCFinancial Services$245-2.7
PetroChinaEnergy$22137.1
Agricultural Bank of ChinaFinancial Services$20315.2
China MobileTechnology$1908.8
AlibabaTechnology$181-16.6
Bank of ChinaFinancial Services$1674.4
China Construction BankFinancial Services$159-3.8
PinduoduoTechnology$15625.9
CNOOCEnergy$11042.9
CM BankFinancial Services$109-11.1
China Shenhua
Energy
Energy$10627.8
SinopecEnergy$99-20.4
CATLEnergy$98-27.5
Ping An InsuranceFinancial Services$98-34.9
China Life InsuranceFinancial Services$93-31.2
China Yangtze PowerEnergy$8823.6
Wuliangye YibinFood & Beverage$75-30.6
BYDConglomerate$74-13.3

Tencent Holds the #1 Spot, Despite Ongoing Slump

China’s most valuable company, Tencent, is a technology conglomerate with operations in social media, gaming, music, and e-commerce. The firm’s share price peaked in early 2021, but has been in downward trend ever since (there was a brief rally during the tail end of 2022).

Another Chinese tech conglomerate, Alibaba, has fared even worse. Over a five-year period, its share price is down over 60%.

Energy Stocks on the Rise

Two stocks that have outperformed the index over this period are PetroChina (one of Asia’s largest oil and gas producers) and CNOOC (China National Offshore Oil Corporation).

In October 2023, PetroChina posted a record quarterly profit of $6.3B thanks to growing output and fuel sales.

See how China’s stock market stacks up against other countries in this ranking of global market capitalization.

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Markets

U.S. Debt Interest Payments Reach $1 Trillion

U.S. debt interest payments have surged past the $1 trillion dollar mark, amid high interest rates and an ever-expanding debt burden.

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This line chart shows U.S. debt interest payments over modern history.

U.S. Debt Interest Payments Reach $1 Trillion

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The cost of paying for America’s national debt crossed the $1 trillion dollar mark in 2023, driven by high interest rates and a record $34 trillion mountain of debt.

Over the last decade, U.S. debt interest payments have more than doubled amid vast government spending during the pandemic crisis. As debt payments continue to soar, the Congressional Budget Office (CBO) reported that debt servicing costs surpassed defense spending for the first time ever this year.

This graphic shows the sharp rise in U.S. debt payments, based on data from the Federal Reserve.

A $1 Trillion Interest Bill, and Growing

Below, we show how U.S. debt interest payments have risen at a faster pace than at another time in modern history:

DateInterest PaymentsU.S. National Debt
2023$1.0T$34.0T
2022$830B$31.4T
2021$612B$29.6T
2020$518B$27.7T
2019$564B$23.2T
2018$571B$22.0T
2017$493B$20.5T
2016$460B$20.0T
2015$435B$18.9T
2014$442B$18.1T
2013$425B$17.2T
2012$417B$16.4T
2011$433B$15.2T
2010$400B$14.0T
2009$354B$12.3T
2008$380B$10.7T
2007$414B$9.2T
2006$387B$8.7T
2005$355B$8.2T
2004$318B$7.6T
2003$294B$7.0T
2002$298B$6.4T
2001$318B$5.9T
2000$353B$5.7T
1999$353B$5.8T
1998$360B$5.6T
1997$368B$5.5T
1996$362B$5.3T
1995$357B$5.0T
1994$334B$4.8T
1993$311B$4.5T
1992$306B$4.2T
1991$308B$3.8T
1990$298B$3.4T
1989$275B$3.0T
1988$254B$2.7T
1987$240B$2.4T
1986$225B$2.2T
1985$219B$1.9T
1984$205B$1.7T
1983$176B$1.4T
1982$157B$1.2T
1981$142B$1.0T
1980$113B$930.2B
1979$96B$845.1B
1978$84B$789.2B
1977$69B$718.9B
1976$61B$653.5B
1975$55B$576.6B
1974$50B$492.7B
1973$45B$469.1B
1972$39B$448.5B
1971$36B$424.1B
1970$35B$389.2B
1969$30B$368.2B
1968$25B$358.0B
1967$23B$344.7B
1966$21B$329.3B

Interest payments represent seasonally adjusted annual rate at the end of Q4.

At current rates, the U.S. national debt is growing by a remarkable $1 trillion about every 100 days, equal to roughly $3.6 trillion per year.

As the national debt has ballooned, debt payments even exceeded Medicaid outlays in 2023—one of the government’s largest expenditures. On average, the U.S. spent more than $2 billion per day on interest costs last year. Going further, the U.S. government is projected to spend a historic $12.4 trillion on interest payments over the next decade, averaging about $37,100 per American.

Exacerbating matters is that the U.S. is running a steep deficit, which stood at $1.1 trillion for the first six months of fiscal 2024. This has accelerated due to the 43% increase in debt servicing costs along with a $31 billion dollar increase in defense spending from a year earlier. Additionally, a $30 billion increase in funding for the Federal Deposit Insurance Corporation in light of the regional banking crisis last year was a major contributor to the deficit increase.

Overall, the CBO forecasts that roughly 75% of the federal deficit’s increase will be due to interest costs by 2034.

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