A recent report provides an interesting snapshot of China’s domestic corporate landscape and some insights into likely trends.
A Standard & Poor’s survey, China’s top 100 corporates – the changing shape of China’s economy, lists China’s largest corporations by 2004 revenues. Predictably, companies in the steel, petrol and petrochemicals and telecommunications industries dominate the list (see chart).
The 10 largest companies account for 56% of the total revenues, dominated by oil majors Sinopec, PetroChina and CNOOC and local telecommunications companies China Mobile and China Telecom.
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