Top Tier of Market Capitalization in China: Traditional pillar industries such as finance, energy, and telecommunications remain at the forefront, generally following a high revenue, low growth path. China Mobile is the only one maintaining a 7% growth rate, while others hover below 3%, with some even falling into negative growth territory. This reflects that economic growth still relies on scale and existing operations, and the path of transformation driven by technological innovation still needs acceleration. The banking industry heavily depends on interest income, making its transformation pressure particularly prominent.

🇺🇸 Leading Camp of Market Capitalization in the US: Tech giants dominate the scene, with all players in the tech sector showing double-digit growth rates. Nvidia has even achieved a staggering 126% explosive revenue growth. The revenue structure focuses on high value-added areas: data centers, cloud services, and ecosystem services account for a high proportion, firmly establishing a moat at the top of the global industrial chain.

💡 The core difference lies in valuation logic: Nvidia's revenue in 2024 is projected at $60.9 billion, yet its market capitalization soars to $4.6 trillion. Its price-to-earnings ratio outpaces Chinese giants by several streets. This is not market irrational speculation but a premium pricing reflecting its technological monopoly position and future growth potential. In contrast, Chinese companies are more valued based on cash flow and dividend capabilities, with growth attributes severely limited in valuation premiums.