Global economics
100 fast-emerging Chinese businesses are strongly established in their home base. Now they are internationalising rapidly and expanding at far faster rates than overall global and domestic growth.
China’s 2016 100 global giants are more internationalised than their 2014 predecessors. Also they have more sophisticated business models and strategies. A greater number are acquiring international businesses, strategic partnerships, and establishing R&D and innovation centres worldwide.
Why is this research important?
China is on the radar of many businesses, whatever their country or sector. This interest in China’s businesses is only likely to intensify, and it’s two-way. These next Chinese global giants will be building partnerships, investing heavily in R&D and look set to outperforming businesses in developed economies.
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What do that ‘giants have that others don’t?
The 2016 emerging global giants are:
- strong in their home market
- looking for international opportunities
- increasingly strategically sophisticated, and still very fast-growing.
Perhaps more impressive is the annual growth rate of the 100 companies identified in this report which outstrips not only the nation’s GDP but also that of the global economy – and this trajectory is expected to continue in future.
What can business outside of China expect?
China’s 100 global giants are interested in acquiring expertise and technologies from businesses in other countries, especially more developed economies. That is especially important for all businesses that are operating in and outside of China.
"Looking at the 2016 top 100 emerging global giants, roughly half the 2014 global giants have kept their places and just over half have been replaced by new entrants in the ranking."
Multiple dimensions of competitiveness
The ranking used in this report is based on a business performance framework that takes into account multiple dimensions of competitiveness. Five measures were used:
1) size (as measured by turnover)
2) growth (in revenue)
3) domestic presence
4) international presence
5) business model and strategy
These emerging 100 companies are diverse in both geography and sector. The geographical spread of businesses within China itself is wide. All major cities are well represented, especially Beijing, Shanghai, Shenzhen and Wuhan.