News

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.

* * *

Source: Sputnik News

Previous post

Another Innocent Victim of Multiracialism

Next post

Not Believed to be Random

Subscribe
Notify of
guest
18 Comments
Inline Feedback
View all comments
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.

comment image

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.

Angelicus
Angelicus
Reply to  Patrick Pappano
14 April, 2021 9:33 pm

Indians are subhumans, like the Chinese. Without the White man’s ingenuity they wpuld still be living in the Middle Ages. The only respectable and worthy Asians are, by far, the Japanese, who improved upon Western technology in an amaizing manner. They also evolved an aristocratic and refined warrior class (the samurai) far superior to anything the White race produced with the exception, of course, of the Waffen-SS, Aryan warriors not contaminated by that repulsive Jewish cult called Christianity.

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.

China.jpg
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

Angelicus
Angelicus
Reply to  joe
14 April, 2021 9:25 pm

I think you are right. Anyhow, it is very clear that (((they))) are the brains behind the Chinese monster, or, even better, golem. Here is a biography of the most powerful and influential “advisors” to the Chinese government, can you guess his ethnicity?
https://en.wikipedia.org/wiki/Robert_Lawrence_Kuhn

joe
joe
Reply to  Angelicus
28 April, 2021 8:04 pm

yes of course, (((they)))) financed Mao against Chiang kai-Shek all the top advisors were oy vey’s like Frank Coe, Israel Epstein , Sidney Shapiro , Sidney Rittenberg https://www.washingtonpost.com/national/sidney-rittenberg-american-adviser-to-the-chinese-communist-party-dies-at-98/2019/08/25/b43c6074-e54f-11e5-b0fd-073d5930a7b7_story.html Salmon Adler , also there is this https://en.wikipedia.org/wiki/Jakob_Rosenfeld https://www.timesofisrael.com/how-a-jewish-doctor-helped-form-backbone-of-revolutionary-chinas-medical-system/ and this https://icsum.org.my/wp-content/uploads/2020/12/IJCS-112-1Yitzhak-for-website.pdf “Jews were deeply involved in Communist revolutions in Europe, and primarily in Russia, often in leading positions. This is understandable given their demographic location, extensive education and suffering over the years. However, how could we account for the fact that they also played a role in Communist revolutions in Asia, and especially in China? There were practically no Jewish communities to speak of and those few who lived there had been almost totally assimilated, and had no interest whatsoever in Chinese culture, history and politics. Still, Jews (who arrived out… Read more »

Angelicus
Angelicus
Reply to  joe
30 April, 2021 4:45 pm

Excellent comment Joe! You are very knowledgeable. Thank you very much for the links provided. I would recommend to you The American National Radio Network where Mike Sledge has been saying the same for quite a long time (he also has pointed out Putin’s subservience towards the Jews and denounced Trump from the very beginning a shill). Here is a link:
https://americannationalradionetwork.podbean.com/

joe
joe
Reply to  Angelicus
2 May, 2021 8:50 am

Yes I already follow them, thanks
I have been listening to sledge since the torahcle (Oracle) days

forgot quote from the Jakob Rosenfeld wiki

Over 20,000 Jewish refugees, including over 400 Jewish doctors and dentists (such as Rosenfeld and Richard Frey), around this time period fled to Shanghai, which was an asylum destination”

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.

Alex
Alex
Reply to  Vlad_Dracula
23 October, 2020 3:26 am

I know you’re talking about the Chinese, but I think this goes to most Asians in general. People say “Oh man Japan always make good stuff or how they are better than us”. Personally I think if it weren’t for Europeans settlers in the past, they would not be where they are today. I think the West would have beat or at least caught up to Japan in terms of technology and a functioning society if we stop bashing whites all the time.

Vlad
Vlad
Reply to  Alex
23 October, 2020 12:24 pm

Actually I’m talking about all of East Asia inhabited by those Asians with high IQs which would include Taiwan, Japan, and the Koreas, though China will undoubtedly be the dominant force due to its sheer size and population. I agree that without Western intervention, the Eastern Asian civilizations would have remained in their impressive, yet stagnant state for eons longer. Interesting that you think they are superior to us in tech. We have long overshadowed them in terms of technology and innovation, and only now do they risk overtaking us if we continue down our trajectory of Marxism and racial annihilation.