As China Rises, Fears Grow on Whether Boom Can Endure

This graph shows the Shanghai SSE Composite Index and the S&P 500 (in blue).

The SSE Composite Index closed at 3,273.97, up about 90% from the low in 2008.

NYTimes writes:

New high points, it seems, are reached daily. China surged past the United States to become the world’s largest automobile market — in units, if not in dollars, figures released Monday show. It also toppled Germany as the biggest exporter of manufactured goods, according to year-end trade data. World Bank estimates suggest that China — the world’s fifth-largest economy four years ago — will shortly overtake Japan to claim the No. 2 spot.

More here and here .