This dual-bar chart compares the top 20 companies by market cap in the United States and China. The visual contrast is striking: the U.S. top 20 total $30.52T, led by NVIDIA ($4.23T), Apple ($4.02T), and Alphabet ($3.66T). China’s top 20 reach $4.66T, with Tencent ($702B) and ICBC ($374B) at the top.
🧠 Takeaways:
- US dominance: Tech accounts for nearly 70% of the U.S. top 20 — a platform-driven economy
- China’s balance: Finance (37%) and tech/internet (32%) lead, but energy, EVs, and mining add depth
- Capital concentration: The top 4 U.S. firms alone exceed China’s entire top 20 combined
- Visual note: The Chinese chart is enlarged for clarity due to scale disparity
📊 Analysis:
- U.S. mega-caps reflect global scalability, data infrastructure, and consumer ecosystems
- China’s leaders are more domestically anchored — banks, insurers, and industrial champions
- The divergence isn’t just in numbers — it’s structural: innovation platforms vs. institutional pillars
