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Rising Power: More Global 500 Companies Now in China Than Anywhere on Earth

While America and Europe are yoked to insane Jewish “wokeness” and Afromania, and are busy exterminating their founding race, China is serious about power, wealth, and racial-national survival. They will be merciless.

THE LISTING OF the world’s biggest companies saw 133 Chinese firms across the mainland, Taiwan and Hong Kong make the roster compared with 121 US businesses. The news comes amid a major surge in foreign investment in Chinese tech firms amid the ongoing US trade war with China.

Chinese firms listed on the Fortune Global 500 have surpassed US companies for the first time in history, it was found on Monday.

Three Chinese state-owned enterprises (SOEs) — Sinopec Group, State Grid and China National Petroleum — came in second, third and fourth, respectively, with Arkansas-based Walmart topping the list.

“Chinese companies outnumbering US ones shows that China’s economy is large enough to cause US concerns,” Zhang Lin, an independent political economist in Beijing said in a statement.

But many Chinese firms on the list were SOEs backed by the Chinese government in the world’s largest market, Fortune said.

“The good thing is that infrastructure and energy companies belong to the field of public utilities, and state-owned monopolies avoid redundant construction and enhances pricing power. But the bad thing is that these companies have huge scale, rely on administrative power and policy inclination to form monopolies, and they are different from companies that grow in the market,” Zhang Lin said.

Huawei Technologies also skyrocketed to 49th, up 12 places from 61, reaching the top 50 list for the first time in history, the report said.

Alibaba Group Holding Ltd also posted major gains on the roster, rising from 182nd to 132nd on the list, with numerous companies such as Tencent Holdings Ltd, ecommerce platform JD.com and Xiaomi making the grade.

China’s banking giants Industrial & Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China, also retained places on the Fortune 500.

“There were precisely zero Global 500 companies based in mainland China in 1990 when we began our survey. Today there are more giant for-profit enterprises there than anywhere else on earth,” Fortune magazine editor-in-chief, Clifton Leaf, said in a statement.

According to the list, 53 Japanese firms, 31 French companies, 27 German firms and 22 British enterprises also made the list, Pandaily reported.

The news comes as the mainland Shanghai Stock Exchange’s Science and Technology Innovation (STAR) board became the second-largest platform in the world by initial public offerings, with foreign investment reaching record highs in July.

Shanghai-based Semiconductor Manufacturing International Corporation (SMIC) also saw a massive surge in foreign investment in recent weeks after joining the STAR board and exiting the New York Stock Exchange.

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Source: Sputnik News

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Mencken's Ghost
Mencken's Ghost
14 August, 2020 2:20 am

The Chinese have a term for naive white people who try to better the world with their woke ideology; it’s called “Baizuo”. During Merkel’s rapefugee crisis in 2015 the Chinese media had her ugly picture on TV nonstop and described her by that term.

No matter what we think of the Chinese and their more collectivist mentality, they are on a mission to conquer the world while we are busy feeding negro mouths, aborting white children, dressing boys as girls and destroying our energy industry.

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Elfriede
Elfriede
Reply to  Mencken's Ghost
15 August, 2020 8:24 pm

Ideologically possessed people of any race may well view the eradication of European-descent people as a “blessing” by paracommunist standards.

What weaker people could any unscrupulous hivemind hope for?

TonatiuhHaruki647
TonatiuhHaruki647
Reply to  Mencken's Ghost
19 August, 2020 12:32 am

Here another proof the covid-19 is being exagerated or not being solved as it should(no vaccines, try to follow recommendations from people like Dr. Mercola for your inmminue system and try things like chlorine dioxide following Andreas Kalcker dose recommedations)
https://www.youtube.com/watch?v=XjDLFjmkNuQ

Patrick Pappano
Patrick Pappano
14 August, 2020 5:49 am

The really strange thing about this is that this story should be about India and not China. Indians are just as smart or smarter and speak English. What happened to them? This makes it look like an outside force selected China and deselected the United States and the redirection of money flows had its inevitable result; more labor, more result. Of course, ultimately, we do it to ourselves.

cas
cas
Reply to  Patrick Pappano
16 August, 2020 6:52 pm

The same people that set up america have set up china. If you don’t believe they have used what they learned from the destruction of Germany stop fooling yourself. Where did china’s social credit system come from ? It was obviously born from lessons taken from national socialism of germany. This same sort of thing has happened on this earth for probably 100,000 years or more. Some speak of hidden civilizations underground away from the earth’s changes on it’s surface, movement of plates etc. Build up country, tear country down. When credible evidence in the gobi desert which appears to show previous nuclear wars; probably from india and china in the past. Who knows. We do know china will rape and pillage the entire earth if not checked.

Patrick Pappano
Patrick Pappano
Reply to  cas
17 August, 2020 9:29 am

There is the Teutonic theory of history discussed by Charles A. Beard that German (Anglo-Saxon) conquest of Britain was the founding civilization that mattered. The Chinese allowed the Brits to take over their country with opium. Of courrse, the Brits did it for the Sassoons, Jewish capitalists, who had already taken over their country. For some reason, Beard never identified the role of the Jews. Hitler figured it out but was having trouble understanding the defeat of the Anglo-Saxons by the Jews, he just didn’t understand it; didn’t believe it. It won’t be China doing the pillaging, it will be the Jews all over again as in Russia.

TonatiuhHaruki647
TonatiuhHaruki647
16 August, 2020 10:20 pm

And talking about Huaweii thre is something interestinng about them; would seem HSBC and Standard Chartered have been disputing who will get the contract with Huaweii and in Oct 2018 Standard Chartered made and agreement with Huaweii to develop the Internet of Things (IoT) solution. https://www.huawei.com/en/news/2018/10/standard-chartered-huawei-partner Later in Dec of that same years supposedly HSBC and Standard Chartered stopped supporting China financially due to the frictions with US and since thy didnt want their businesses be involved and harmed they stepped back. But just few weeks from now Standard Chartered and HSBC deffended The Communist Party recent security law that would have also affected Hong Kong and violate the pact “one country two systems” and were criticied both by US and England. Interesting that two britain banks would go against… Read more »

Panadechi
Panadechi
16 August, 2020 10:26 pm

Los cuatro factores principales, que han devastado el Occidente blanco a través de la inmigración no blanca, la corrupción y la degradación, bajo la influencia del parásito semítico.

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Last edited 1 month ago by Panadechi
joe
joe
18 August, 2020 2:48 pm

The Chinese are soulless bug people who are owned and controlled lock and stock and barrel by the jews , the jews didn’t even need to use multiculturalism or christ jew insanity to subvert them and get them to fall inline with their jew marxist system they are like the perfect willing slaves of the jew ,instant slaves, just add communism The jews are deliberately building up China as they bring down the US all this tech and investment has been stolen from US and other white western nations by israel and funneled into China , now we see companies like Apple pulling out of china and moving their labor camps to even poorer and cheaper markets like India the jews will make China the new economic superpower and the… Read more »

joe
joe
Reply to  joe
18 August, 2020 9:37 pm

the parasites are just about ready to attach themselves to a new primary host,
China

Vlad_Dracula
Vlad_Dracula
19 August, 2020 1:17 pm

It pains me to see a lesser race accomplish what we Western Aryans (if we had embraced the National Socialist and Aryan Ubermensch mentality instead of Jewish Marxism) should have accomplished decades ago. I believe that the next century will be the Eastern century, and whether that includes a reborn and mighty Eastern Europe or not remains to be seen. I have hopes, for the latter, but they are still just hopes.