China Business

41 Chinese Companies Changing The World

foreign companies doing business in China

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)

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 no contrast at all?

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