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 [link no longer exists].
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)
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
CSIC (China Shipbuilding Industry Corporation)
Dongfeng Motor Company
Galanz Group Company
Gree Electric Appliances
Huawei Technologies Company
Li & Fung Group
Midea Holding Company
Nine Dragons Paper Holdings
Shanghai Automotive Industry Corporation Group (SAIC)
Shanghai Baosteel Group Corporation
Shanghai Zhenhua Port Machinery Co. (ZPMC)
Techtronic Industries Company
Wanxiang Group 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 no contrast at all?