Skip to comments.
In A First, China Has More Companies On Fortune Global 500 List Than The US
South China Morning Post ^
| 07/22/19
| Zheng Yangpeng
Posted on 07/23/2019 11:14:41 AM PDT by Enlightened1
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-23 next last
For the first time ever, China has more companies on the Fortune 500 list than the U.S.- and also overtakes the US in the number of new companies worth at least US$1 billion.
In terms of profitability, Saudi Aramco overtook Apple as the most profitable company in the world.
To: Enlightened1
Yes, but only if you count Taiwan as part of China.
2
posted on
07/23/2019 11:16:50 AM PDT
by
relee
(Till the blue skies drive the dark clouds far away)
To: Enlightened1
3
posted on
07/23/2019 11:22:10 AM PDT
by
ConservativeMind
(Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
To: relee
Excluding Taiwan, 119 companies from mainland China and Hong Kong made it to the list, almost on par with the US. This is a historic shift, the magazine said in a statement.
To: relee
"Yes, but only if you count Taiwan as part of China."
True that. Plus, the Chinese companies would be nowhere without their government subsidizing what they call their "national championship" companies. And "subsidizing" doesn't mean a tax break hear and there like we say it in the U.S. It means the Chinese govt funds them practically fully if need be to compete in the global economy.
5
posted on
07/23/2019 11:22:40 AM PDT
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: ConservativeMind
And a lot of Americans loss their jobs to cheap wages.
To: ConservativeMind
Oh and of course...., ONE WAY TRADE that works only for China.
To: relee
Hong Kong shouldn't really be included with the ROC proper.
Too free market.
We win.
8
posted on
07/23/2019 11:25:07 AM PDT
by
Aevery_Freeman
(The Elite: Too stupid to know when to quit stealing!)
To: Enlightened1
China should be its own subset of economic study in the West. These large state-run companies are basically profit-making operating arms of its government ministries. Its tough for many Americans to grasp such a concept.
Imagine HUD running a property development company in major American cities, or Treasury running an infrastructure investment fund, or FDA owning a drug-manufacturer.
Its AOC, Warren and Sanders’ wet dream. Its also why corruption is rampant in China and one of the reasons Xi Jinping is grasping for maximum power is his attempt to manage it.
9
posted on
07/23/2019 11:26:19 AM PDT
by
PGR88
To: Enlightened1
And a lot of Americans loss their jobs to cheap wages.My theory is the cheap labor increases profit margins and none of the "savings" are passed to the US consumer. So they make cheap crap and tell us how great it is.
10
posted on
07/23/2019 11:27:54 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: Enlightened1
“And a lot of Americans loss their jobs to cheap wages.”
But a lot of people in NYC and DC got very rich.
11
posted on
07/23/2019 11:29:17 AM PDT
by
dljordan
To: Enlightened1
Yes, but how diverse are Chinese companies? That's what's really important! Who cares about income and profitability?
12
posted on
07/23/2019 11:35:15 AM PDT
by
Cowboy Bob
("Other People's Money" = The life blood of Liberalism)
To: Enlightened1
How many of these very big companies are subsidies by the government and have connections to the CCP ?
13
posted on
07/23/2019 11:51:36 AM PDT
by
SeekAndFind
(look at Michigan, it will)
To: Enlightened1
Measured by Revenue from the article. So no word on how they ranked based on profit? And 80% are state owned?
14
posted on
07/23/2019 11:52:56 AM PDT
by
reed13k
(For evil to triumph it is only necessary that good men do nothing)
To: SeekAndFind
15
posted on
07/23/2019 11:53:14 AM PDT
by
bert
( (KE. NP. N.C. +12)There were Democrat espionage operations on Republican candidates)
To: Enlightened1
Taiwan is not part of China, you moronic liberal jerks!! Fortune is a other magazine that’s dying...
16
posted on
07/23/2019 11:53:17 AM PDT
by
Deplorable American1776
(Proud to be a DeplorableAmerican with a Deplorable Family...even the dog is, too. :-))
To: Enlightened1
The Chinese hold $1.23 trillion of our national debt. The more their economy rises, the more U.S. Treasury bonds they can buy. It’s not all bad that China’s wealth is growing.
To: relee
Still, China ‘s come a long way - and the Chinese people can thank President is Xi Jinping for a lot of this success.
18
posted on
07/23/2019 12:00:55 PM PDT
by
GOPJ
(Joe Biden in 1987:"We (Delawareans) Were on the South's Side in the Civil War". Back in chains Joe?)
To: reed13k
To: bert
Just read these paragraphs from the article ( my emphasis BOLDED )
The banking sector dominated the Chinese companies on the list, making up 47.5 per cent of all the Chinese companies profits combined. The big four state-owned banks, including ICBC, dominated the Chinese companies on the list.
The contribution of also rose, with SOEs representing 80.2 per cent of Chinese companies on the list, up for 76.3 per cent last year. The share of private companies fell to 19.8 per cent in 2019 from 23.7 last year, according to a calculation by the South China Morning Post based on the list. This calculation excludes companies from Hong Kong and Taiwan.
Next, let's talk about PROFITABILITY...
Chinese companies, however, underperformed when it came to profitability. They recorded, on average, net margins of 5.3 per cent, lagging behind the 7.7 per cent recorded by US companies, as well as the global average of 6.6 per cent. Their average net returns on equity stood at 9.9 per cent, behind US firms 15 per cent and the global average of 12.1 per cent.
20
posted on
07/23/2019 12:03:19 PM PDT
by
SeekAndFind
(look at Michigan, it will)
Navigation: use the links below to view more comments.
first 1-20, 21-23 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson