US report says 33 Chinese companies compete to challenge multinational giants

US-renowned companies release new global Challenger Report 100 enterprises in developing countries competitive strength in the annual new global Challenger report released by the US Boston Consulting company, Chinese companies accounted for 33 of the world's 100 developing-country companies most likely to challenge established multinationals.　　33 companies listed in China the first Boston consulting company said global challengers are based on the company's international revenue, business scope, employment, global infrastructure, and other indicators. From 2008 to 2009, global challengers grew at a rate of 18% per annum, with an average of 18% operating margins per year.　　If the current growth momentum is maintained, global challengers in 2020 will create a total of 8 trillion dollars in revenue, equivalent to the current earnings of the standard and poor 500 index companies. Of the 100 global challengers, China ranks first among 33 companies.　　At the same time in 2011 the new list of 23 companies, China has Angang, Geely, Yanzhou Coal and other 9 companies shortlisted, but also the largest number of new countries on the list. In addition, the list of the 100 companies announced by BCG has five companies that are "very close to established multinational companies".　　But none of them are Chinese companies, although the number of Chinese companies on the list accounts for One-third. Chinese contractors are on the rise. In particular, Chinese contractors are emerging as an important trend in the global corporate power landscape. "A group of Chinese construction groups that have not been known in the past are winning billions of of dollars in big projects." The report notes that over the past 10 years, Chinese construction companies have gained an average of 29% per cent of overseas contract value each year.　　These companies have climbed rapidly in the international rankings, capturing market share and taking the lead in the industry.　　The report argues that the first reason for this phenomenon is the cost advantages of Chinese companies, not only the lower labor costs, but also the vertical integration model to reduce procurement costs.　　The second reason is the talent and experience of Chinese contractors, who have learned a lot of valuable experience at home and have been able to apply these experiences to overseas projects.　　The last reason is that the Chinese government and its state-owned banks provide diplomatic support and financial support to these contractors. Reporter paparazzi China's list of companies not fixed Boston Consulting, senior partner and managing director of Beijing branch Madwill this morning to this reporter said that the list of enterprises in the company like Apple, but it is not absolutely impossible.　　China's private enterprises are not lack of well-known consumer brands, such as Taobao Mall and discount hotel chain, but these enterprises are still in the initial stage, has not gone out. The few famous companies that have grown up on the list include BYD Group, Haier and the large group of auto parts companies. Madwill that Chinese companies ' expertise is often "cost innovation", and the challenges that companies such as China Construction Co. face in the process of going out show that their domestic marketAccumulated a lot of experience and ability. Despite the steady growth of China's economy, the listed companies are not fixed. Of the 44 Chinese companies that boarded the list of new entrants to Boston Consulting in May 2006, 28 had disappeared in 2011. Madwill pointed out that the specific list of changes is normal, some companies the reasons for the list is not on schedule to achieve "go out" strategy, or missed the opportunity to leap in technology. Wen/journalist Yang Yi new list of enterprises owned by the Industry China Construction Corporation Building chint group Electronic equipment Geely Holding group Automotive Jiangxi LDK Solar Energy Technology Co., Ltd. solar Shanghai Electric Group electronics China Hydropower Construction Group International Engineering Co., Ltd. Construction Yanzhou Coal mining industry Zoomlion　　Equipment manufacturing companies listed in the two consecutive years China Aluminum company China Transportation Construction Co., Ltd. China International Shipping Container (Group) Co., Ltd. China minmetals China Chemical group China Ocean Petroleum China Shipping Heavy Industry Group China Shipping Group China Ocean Transportation Group Guangdong Grand Group Huawei Technology Co., Ltd. Lenovo Group, Baoshan Group, Baosteel Group, BYD Chery Automotive Haier Group