41 Chinese Companies Are Changing The World
Boston Consulting Group just came out with a report entitled, "The 2008 BCG 100 New Global Challengers: How Top Companies from Rapidly Developing Economies Are Changing the World" [pdf]. Written by Marcos Aguiar, Arindam Bhattacharya, Laurent de Vitton, Jim Hemerling, David C. Michael, Harold L. Sirkin, Kevin Waddell, Bernd Waltermann, Kim Wee Koh, the report identifies "100 large and particularly successful companies that are based in rapidly developing economies and going global fast." According to BCG, multinational companies "will soon encounter" these 100 companies -- "if they haven't already -- as formidable competitors in markets around the world, but also as potential suppliers, customers, and partners. The authors outline these companies' performance, analyze their motivations and strategies, and set forth key implications for incumbents.
The following 41 Chinese companies made the list,
Aluminum Corporation of China (Chalco)
BYD Company
Changhong Electric
Chery Automobile
China Aviation I
China FAW Group Corporation
China International Marine Containers Group Company (CIMC)
China Minmetals Corporation
China Mobile Communications Corporation
China National Heavy Duty Truck Corporation (CNHTC)
China Petroleum & Chemical Corporation (Sinopec)
China Shipping Group
CNOOC
COFCO
COSCO Group
CSIC (China Shipbuilding Industry Corporation)
Dongfeng Motor Company
Founder Group
Galanz Group Company
Gree Electric Appliances
Haier Company
Hisense
Huawei Technologies Company
Johnson Electric
Lenovo Group
Li & Fung Group
Midea Holding Company
Nine Dragons Paper Holdings
PetroChina Company
Shanghai Automotive Industry Corporation Group (SAIC)
Shanghai Baosteel Group Corporation
Shanghai Zhenhua Port Machinery Co. (ZPMC)
Shougang Group
Sinochem Corporation
Sinomach
TCL Corporation
Techtronic Industries Company
Tsingtao Brewery
VTech Holdings
Wanxiang Group Corporation
ZTE Corporation
India had 20 companies on the list, Brazil 13, Mexico 7, Russia 6, Turkey 3, Thailand 2, Malaysia 2. Indonesia, Poland, Chile, Argentina, Hungary, and Egypt all had one.
UPDATE: Richard Wilkinson blog notes that not a single Chinese brand makes Business Week's Top 100 Brands Worldwide. Interesting contrast or is it a contrast at all?
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Comments
And how many of these Chinese companies are simply arms of the Chinese gov't? With access to the national treasury and 1.3 trillion USD? With the full diplomatic support of Beijing?
All.
Indian companies do it on their own as purely capitalistic ventures. Compare business skills, what non-caucasian group is highly represented at top US and UK business schools? Indian.
Posted by: nanheyangrouchuan | December 29, 2007 12:02 AM
I knew Tsingtao would be on that list!!!
^_^
Posted by: Shopgirl's Shanghai | December 29, 2007 11:44 AM
nanheyangrouchuan, its simply naive to think only China pampers its own industries, every country does it; Nik Sarkozy's trip to Beijing took with him the chiefs of French companies with the purpose to ink contracts.
Also if you have to use 'representation' of US/UK business schools as a measure of Indian business prowess, then its quite clear that its not really prowess (yet).
Posted by: Steve | December 29, 2007 8:23 PM