Chapter 58 3. China's winners

The Chinese winners are here!These stars are precisely those Chinese companies that want to show their talents on the world stage.Today, politicians, economists, and markets in general can foresee that a new historical period is beginning.This period of history is a true crossroads.China's major enterprise groups not only rank first in the world's securities capital market, but also make huge profits.In 2009, eight of China's ten most profitable companies came from the energy and financial industries. New Chinese millionaires are on the rise.In this vibrant atmosphere, almost every Chinese person dreams of starting his own business.

For example, Danone Group's original partner in China, the "Wahaha" Group, is one of the private companies with the highest profitability.China's top 500 companies have achieved huge turnover, an increase of 20% over 2008. In 2009, the Industrial and Commercial Bank of China achieved a profit of 129.4 billion euros, ranking first among the top ten companies with the highest yield in China, followed by China Construction Bank and China National Petroleum Corporation.There are many Chinese groups going international. Although most private enterprises in China were developed on the basis of family operations (and some are still family operations), they have adopted the most advanced marketing strategies.Realizing that their own strength is growing, these enterprises continue to explore the international market and increase investment in scientific research.

If you want to list the major Chinese groups and Chinese multinational companies, it is not difficult to find that many of them have developed from state-owned enterprises and small-scale private companies. Here is an incomplete list of "Chinese legends": Lenovo was founded in 1988.This is a Chinese computer manufacturer that sells computers around the world. Haier is a Chinese electrical appliance manufacturing group company with a history of only 25 years.It has an international company scale. Founded in 1903, Tsingtao Brewery is a world-renowned enterprise and a leader in the beer manufacturing industry.

Huawei is the world's leading provider of next-generation information and communication solutions. Baidu is developing rapidly and will follow the development model of Google's search engine. There are far more successful companies in China than these!In the context of the current fierce international competition, there are still many industrial, banking, financial, pharmaceutical, insurance, and group companies in communication, construction, energy and other fields that have performed outstandingly. For several years, large Chinese groups, such as various banking and insurance groups, have also shown interest in major international groups.

Major Chinese groups are involved in cooperation all over the world, such as the United States, the United Kingdom, Switzerland and other continents like Latin America and Africa... Here, we list only a few of them: China Mobile is the largest telecommunications operator in China and the world, with 500 million users. China Shipping, an expert in maritime transportation, has a large scale: 440 ships and 5 fleets. Sinochem Group, the largest public enterprise in the field of pharmaceuticals in China, is listed on the list of "Fortune" magazines. Aluminum Corporation of China, a world leader in the production and sales of aluminum products, vigorously develops international cooperation.

Sinopec, China's No. 1 oil refinery, is gaining momentum. China National Petroleum Corporation, together with China Petrochemical Corporation, is the largest oil group in China. China Pacific Insurance, the largest insurance company in China.The insurance industry, including China Life Insurance, is booming in China. Industrial and Commercial Bank of China (ICBC), the largest bank in the world is no longer an American bank, but a Chinese bank! Baosteel is the largest steel producer in China. This world steel giant has never stopped growing...