China Economy Forum

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Fortune list sees 95 Chinese companies
Updated: 2013-07-09 06:13
By Zheng Yangpeng (China Daily)

China Daily

A total of 95 Chinese companies have made it onto the list of Fortune 500 companies compiled by Fortune magazine, with combined gross revenue of $5.2 trillion, or 17 percent of the Fortune 500's total revenue.

The list, ranked by companies' gross revenue, showed that in 2012, China Petrochemical Corp (Sinopec Group) had the largest revenue of $428.17 billion among all Chinese companies. China National Petroleum Corp was close behind, with annual revenue of $408.6 billion.

Sinopec Group ranked fourth and China National Petroleum ranked fifth on the global list, each up by one spot from the previous year.

Globally, Royal Dutch Shell Plc is the largest company in terms of annual revenue, with $481.7 billion. Wal-Mart Stores Inc and Exxon Mobil Corp took the second and third spots.

Besides ten Taiwan or Hong Kong-headquartered corporations, there are 85 Chinese mainland-headquartered companies, mostly State-owned Enterprises. Most are concentrated in the energy, resources, banking and telecommunication sectors.

In a note accompanying the list, Fortune's Chinese website pointed out there are both positive and worrying aspects in the Chinese listings.

Besides the dominant share of SOEs and the underdeveloped service sector, the note said profits are unequally distributed among all listed Chinese companies. The nine top commercial banks account for 55.2 percent of all Chinese mainland companies' profits.

The note also said Chinese companies' high-leverage ratios are a source of concern.

In China, non-financial companies' average leverage ratio is 4.42 while that of their counterparts in United States is 2.79.

 

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Huawei, Vodafone jointly win award at 2013 Small Cell World Summit
TT Correspondent | | 08 Jul 2013

www.telecomtiger.com

Huawei’s MediaPad 10 FHD – A 10-inch tablet at super-fast processing speed

Huawei, a leading global information and communications technology (ICT) solutions provider, recently jointly won an award for “Best Innovation in Commercial Deployment” with Vodafone Group at the 2013 Small Cell World Summit in London.

The award cited a project for a “MetroZone Small Cell Solution that enables Smart Cities today and in the future.”

Huawei’s AtomCell small cell solution provides light-weight and compact small cell base stations with flexible LTE TDD wireless backhaul transmission for easy, dense and unobtrusive deployments in urban settings. AtomCell technology was integral in realizing the MetroZone small cell solution project.

David Wang, President of Huawei’s Wireless Network Business Unit, said: "The award demonstrates Huawei's AtomCell small cell solution has been leading the development of wireless broadband and is capable of meeting operator requirements. Huawei continues to be confident in its mission to build efficient and profitable broadband network for operators all over the world."



Chinese tech giant Huawei exhibits its water-resistant Ascend D2 smartphone in a fishbowl at their stand at the Mobile World Congress 2013

Chinese manufacturer Huawei's flagship Ascend P2 quad core 8-mm thin smartphone can be operated by users wearing gloves.

credit link to above 2 photos

 

[Ali.Ahmed]

The speed and depth of the Chinese policy response will help determine the severity and duration of this crisis. If the Chinese address the issue quickly and move decisively to rein in credit expansion and accept a period of much lower growth, they may be able to use the government and People’s Bank of China’s balance sheet to cushion the adjustment in the economy. If, however, they continue on the current path and allow this deterioration to reach its natural and logical limit, we will likely see a full-scale recession as well as a collapse in asset and real estate prices sometime next year.

I cant post links yet, Google Kyle Bass China Letter. You will see things.

 

[Ryan]

China makes 22nm integrated circuit breakthrough

Summary: Scientists from the Institute of Microelectronics of the Chinese Academy of Sciences uses high-k metal gate materials to produce cheaper, low-power integrated circuits.
Kevin Kwang

By Kevin Kwang | December 24, 2012 -- 04:01 GMT (20:01 PST)

China's Institute of Microelectronics of the Chinese Academy of Sciences (IMECAS) announces it has made a breakthrough in constructing 22-nanometer (nm) integrated circuits, which would give a boost to local electronics manufacturers.

Xinhua reported last Friday Chinese scientists from IMECAS has developed metal oxide semiconductor field effect transistors with a gate length of 22 nanometers--a preliminary step in producing 22nm integrated circuits.

They did so by using high-k metal gate materials instead of conventional materials such as silica and polysilicon, with the result being "world-class performance and low power dissipation", the institute stated.

This breakthrough would mean huge savings for China in importing foreign technologies, and boost China-made integrated circuit products' competitiveness, the report added.

China earmarked this field of reseach in 2009 as one of its major national scientific projects. The 22nm integrated circuit technology has the potential to reduce the cost of manufacturing products such as computers and mobile devices, Xinhua stated.

China makes 22nm integrated circuit breakthrough | ZDNet

 

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China warns of 'grim' trade outlook after weak exports surprise

Reuters

BEIJING | Wed Jul 10, 2013 12:51am EDT
(Reuters) - China warned on Wednesday of a "grim" outlook for trade as the world's second-largest economy surprised financial markets by reporting a fall in exports and imports when both had been expected to rise.

The figures, which follow a government crackdown on the use of fake invoicing that had exaggerated exports earlier this year, are likely to raise fresh concerns about the extent of the slowdown in the economy and global demand.

The June data, showing that exports fell 3.1 percent from a year earlier and imports dropped 0.7 percent, may now reflect the true trade picture, customs officials said.

"China faces relatively stern challenges in trade currently," customs spokesman Zheng Yuesheng told a news briefing on the June trade figures.

"Exports in the third quarter look grim," said Zheng.

The customs agency said exporters were losing confidence in the face of weak overseas demand, rising labor costs and a strong yuan currency.

The Australian dollar briefly fell about a third of a cent after the China data, reflecting worries about Chinese demand for Australia's commodities, such as iron ore and coal.

The MSCI Asia-Pacific ex-Japan index .MIAPJ0000PUS was up 0.5 percent after gaining as much as 1.2 percent to a one-week high before the trade figures came out.

The export fall was the first since January 2012. Economists had expected exports to increase 4.0 percent and imports to rise 8.0 percent.

China's trade data is volatile and has been distorted by speculative capital flows across the country's border. Doubts about the accuracy of the figures had abated slightly since the customs office and top foreign exchange regulator launched a campaign in May to crack down on fake export invoices.

Fake invoicing inflated China's official import and export totals by $75 billion in the first four months of 2013, local media reported on June 14, citing an internal review by China's commerce ministry.

The customs data showed that exports to the United States, China's biggest export market, fell 5.4 percent, while exports to the European Union dropped 8.3 percent.

"The surprisingly weak June exports show China's economy is facing increasing downward pressure on lackluster external demand," said Li Huiyong, an economist at Shenyin & Wanguo Securities in Shanghai.

"Exports are facing challenges in the second half of this year. The appreciation of the U.S. dollar and the Chinese government's recent crackdown on speculative trade activities also put pressure on exports."

China had a trade surplus of $27.1 billion in June, the customs administration said, largely in line with the $27.0 billion expected by economists.

China's reform-minded new leaders have shown a tolerance of slower growth, although they still need to avoid widespread job losses that could threaten social stability.

Economists expect data next week to show that annual growth in China for the April-June quarter slowed down to 7.5 percent.

A continued slide in growth could test leaders' resolve to tolerate a short-term slowdown in the economy while pressing ahead with efforts to revamp the economy for the longer term.

(This story refiles to remove an extraneous word in the 12th paragraph)

(Reporting by China Economics Team; Writing by Neil Fullick; Editing by Eric Meijer)

 

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China: Ming Yang Completes 6.5MW Wind Turbine Prototype

Jul 2nd, 2013

http://www.offshorewind.biz

Company website

China Wind Power has started construction at the 198 MW Phase III wind energy project in the Heilongjiang Province, China. Foundations are being prepared for 132 wind turbines, planned for erection in this phase of the project. The EPC contractor for this project is China Ming Yang Wind Power Group, which is also one of the leading Chinese wind turbine manufacturers.
(Credit: renewbl.com)

China Ming Yang Wind Power Group Limited (“Ming Yang” or the “Company&#8221 , a leading wind turbine manufacturer in China, announced that its first 6.5MW prototype super compact drive (“SCD&#8221 wind turbine generator (“WTG&#8221 has been successfully completed in June 2013, and installation and testing are expected to commence in the third quarter of 2013.

The 6.5MW SCD prototype utilizes Ming Yang’s advanced two-bladed SCD technology. It is designed mainly for off-shore operation, and Ming Yang believes that this SCD WTG prototype currently has the largest design capacity of its kind in the world.

”We are very proud to complete our 6.5MW SCD prototype design and production within our time and budget schedules,” commented Mr. Chuanwei Zhang, chairman and chief executive officer of Ming Yang. “We believe that the 6.5MW design would enable us to offer a solution that helps to further lower the cost of off-shore wind power generation in China to a new level.”

 

[cirr]

Global Times | 2013-7-8 23:38:02

Global 500 2013: Full List - Fortune

A total of 95 Chinese companies are named in the newly released Fortune Global 500 list, marking the 10th consecutive year-on-year increase with 16 more entries than last year, according to a list published by Fortune magazine Monday.

Among the 95 Chinese companies, 89 are from the mainland and Hong Kong while the rest are from Taiwan, according to the Fortune Global 500, an annual list ranking the world's largest corporations in terms of revenue.

The number of Chinese companies on the list is second only to the US, which has 132 entries. The total revenue of the 95 Chinese companies amounted to $5.2 trillion last year, accounting for 17 percent of the total revenue generated by the 500 companies, according to the US magazine.

At the top of this year's list was UK-Dutch energy giant Royal Dutch Shell. China Petrochemical Corporation (Sinopec), China National Petroleum Corporation (CNPC) and State Grid Corporation of China were among this year's top 10, ranking fourth, fifth and seventh respectively.

"It is no surprise to see Chinese energy companies performing well on the list, given the huge energy demand in China," Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times Monday.

Lin says Sinopec and CNPC have the potential to leap forward and rank first or second within the next three years.

There are also 18 Chinese companies making a debut on this year's list, including BAIC Group, China Minsheng Ba*n*k***ing Corp and Shanxi Coking Coal Group.

The number of Chinese companies on the list could reach 110 by 2014, and China might catch up with the US and become the country with the most listed companies by 2015, L. Michael Cacace, a senior editor at Fortune, predicted in an article published Monday on fortunechina.com.

Despite the booming picture shown by the list, not all firms on the Chinese mainland are exhibiting strong performance, Zhou Zhanhong, assistant managing editor with Fortune China, said Monday on the website.

Zhou also noted that the mainland companies on the list are largely from sectors such as steel, automobiles, chemicals and finance. For instance, the nine commercial banks on the list accounted for 55.2 percent of the total profits created by the 89 mainland and Hong Kong firms.

Mostly State-owned mainland companies made the list while few private firms did, which means that the country's economic efficiency still has plenty of room for improvement, he said.

 

[chentianhua]

dior, chanel, the world is too monotonous,
Hope that one day HANFU companies to the list,
Hanfu, kimono, hanbok, oriental culture swept the world

 

[kewell333]

self delete

 

[kewell333]

A total of 95 Chinese companies have made it onto the list of Fortune 500 companies compiled by Fortune magazine, with combined gross revenue of $5.2 trillion, or 17 percent of the Fortune 500's total revenue.

The list, ranked by companies' gross revenue, showed that in 2012, China Petrochemical Corp (Sinopec Group) had the largest revenue of $428.17 billion among all Chinese companies. China National Petroleu m Corp was close behind, with annual revenue of $408.6 billion.

Sinopec Group ranked fourth and China National Petroleum ranked fifth on the global list, each up by one spot from the previous year.

Globally, Royal Dutch Shell Plc is the largest company in terms of annual revenue, with $481.7 billion. Wal-Mart Stores Inc and Exxon Mobil Corp took the second and third spots.

Besides ten Taiwan or Hong Kong -headquartered corporations, there are 85 Chinese mainland-headquartered companies, mostly State-owned Enterprises. Most are concentrated in the energy , resources, banking and telecom munication secto rs.

Fortune list sees 95 Chinese companies--China Economic Net

 

[shuttler]

Great Wall H5 shines on the shores of Lake Ladoga (Russia)


2013-7-4 16:39:34

Great Wall's Diesel-2.0T Haval H5

Different views of Great Wall Hover (Haval) H5

www.gwm-global.com

In the just-concluded "Grand Tourism" competition of Ladoga Trophy 2013, Great Wall H5 finished 9th and 13th in the dune and beach stages. In the same category were over 50 other brands like Mitsubishi, Toyota, Jeep, Hummer and Russian auto brands.


Starting in 1997, Ladoga Trophy is one of Russia's most famous off-road races and saw its 17th edition this year. Stretching on 1,200 kilometers, the route which is generally in Leningrad Region and the Republic of Karelia, starts and ends in St. Petersburg. The race involves 9 classes, including 3 tourism categories and 6 competition categories.

A special stage of 120 kilometers is included. Due to tough roads and harsh weather, "Ladoga" has become a byword for courage, stamina, passion and extreme sports, attracting adventurers from around the world every year. 178 teams entered for this year's race. Great Wall H5 fielded by "Eurocom Auto-Trade", GWM's tier-2 distributor in Russia is the only Chinese auto brand.

Great Wall H5 making its debut in the race was changed according to the competition rules, with its engine and transmission unchanged. The model finished the 8-day race by its outstanding performance without any fault.

Great Wall SUV has performed strongly in various competitions at home and abroad in recent years.

It has competed in the Dakar Rally for four years in a raw and come out on top with the sixth place. The brilliant competition results and superior auto performance have earned Great Wall SUV growing interest and trust from consumers. Great Wall SUV has retained the domestic sales title in SUV segment for nine consecutive years and taken the lead to achieve cumulative sales of 600,000 units. It has become a model with the largest cumulative sales among all Chinese brands and all Chinese models priced above 100,000 RMB.

 

[kewell333]

1.US：132
2.China: 95
3.Japan: 62
4.France: 31
5.German: 29
6.UK: 26
7.Switzerland :14
8.South korean: 14
9.Netherlands :12
10.Canada: 9
11. Italy: 8
12. Spain: 8
13. Brazil: 8
14.Australia:8
15. India: 8

 

[shuttler]

Lenovo overtakes HP in PC shipments
Updated: 2013-07-12 07:40 By Gao Yuan ( China Daily)

www.chinadaily.com.cn

A sales assistant checks a Lenovo laptop at an electronics store in Nantong, Jiangsu province. The Chinese PC maker has shipped at least 12.6 million PCs in the second quarter of the year. [Photo / Provided to China Daily]



Lenovo Group Ltd overtook Hewlett-Packard Co in the second quarter to become the world's largest personal computer maker by shipment volume, even as the industry continued to experience a record decline, international research firms IDC and Gartner said on Thursday.

Lenovo shipped at least 12.6 million PCs in the second quarter while HP delivered about 12.4 million, figures from both consultancies show.

Global PC shipments slumped 10.9 percent year-on-year to 76 million units in the period, the fifth consecutive quarter of declines, according to Gartner.



"We are seeing the PC market reduction directly tied to the shrinking installed base of PCs, as inexpensive tablets displace the low-end machines used primarily for consumption in mature and developed markets," said Mikako Kitagawa, principal analyst at Gartner.

Nonetheless, Lenovo Chairman and Chief Executive Officer Yang Yuanqing is determined to pursue profit growth in the struggling industry. Yang said he was pleased that even in the toughest PC market ever, Lenovo was still able to gain market share and improve profitability.

"The battle for PC leadership could certainly still go back and forth. But I am fully confident that there remains substantial room for profitable growth and groundbreaking innovation in the global PC marketplace," said Yang.

Lenovo grabbed 16.7 percent of the worldwide market in the last quarter, surpassing long-time leader HP, according to IDC and Gartner. The United States-based company now has about 16.4 percent of the market.

Regionally, however, it's a mixed picture for the Chinese company.

Lenovo's business in the Americas, Europe and the Middle East saw steady growth while its Asia-Pacific business declined, said IDC.

"The headwinds in China continued to affect Lenovo's home turf significantly. The company ended the quarter with a double-digit decline in the Asia-Pacific region, excluding Japan," it added.

In the third quarter of last year, Lenovo briefly claimed the top spot but HP quickly reclaimed the title in the following quarter.

HP retains advantages in key regions including the US, Latin America and Europe.

"The Asia-Pacific market has been a weakness the last three years for HP, but preliminary second-quarter results suggest an improvement of their performance in the region," said Gartner.

During a visit to Beijing in June, HP CEO Meg Whitman said her company is committed to building a stronger presence in China as the country becomes the most important regional market for HP's various businesses.

 

[shuttler]

Lenovo is world's leading PC maker

Updated: 2013-07-11 16:27 By Gao Yuan ( chinadaily.com.cn)

http://www.chinadaily.com.cn

Photo credit: digitaltrends

Photo credit: nettech

Photo credit: 10mobiles


Lenovo IdeaPad Y500
15.6" GAMING POWERHOUSE.
The power-packed Y500 gaming laptop with dual graphics cards support will take your extreme gaming, and other graphics, audio and processor intensive applications to a new performance dimension.
ideapad y-series - y500 features

Lenovo showcases Edge E431/E531 business notebooks




Lenovo overtook Hewlett-Packard to become the world's largest personal computer maker, in terms of shipment, in the second quarter, according to IDC and Gartner.

The Chinese PC maker shipped at least 12.6 million PCs while HP delivered about 12.4 million, data from the two consultancies showed.

Lenovo grabbed 16.7 percent of the worldwide market share by the end of June, passing HP, which controls 16.4 percent.

However, regional results for Lenovo are mixed.

It's business in the Americas, Europe and the Middle East saw steady growth while Asia-Pacific business declined, according to IDC.

In addition, worldwide PC shipments slumped by 10.9 percent year-on-year in the second quarter, representing the fifth consecutive quarter of declining in shipments, warned Gartner.

More information here:

http://www.defence.pk/forums/china-far-east/263989-lenovo-overtakes-hp-pc-shipments-july-2013-a.html#post4516178

 

[cirr]

Great Wall H5 shines on the shores of Lake Ladoga (Russia)


2013-7-4 16:39:34

Great Wall's Diesel-2.0T Haval H5

Different views of Great Wall Hover (Haval) H5

www.gwm-global.com

In the just-concluded "Grand Tourism" competition of Ladoga Trophy 2013, Great Wall H5 finished 9th and 13th in the dune and beach stages. In the same category were over 50 other brands like Mitsubishi, Toyota, Jeep, Hummer and Russian auto brands.


Starting in 1997, Ladoga Trophy is one of Russia's most famous off-road races and saw its 17th edition this year. Stretching on 1,200 kilometers, the route which is generally in Leningrad Region and the Republic of Karelia, starts and ends in St. Petersburg. The race involves 9 classes, including 3 tourism categories and 6 competition categories.

A special stage of 120 kilometers is included. Due to tough roads and harsh weather, "Ladoga" has become a byword for courage, stamina, passion and extreme sports, attracting adventurers from around the world every year. 178 teams entered for this year's race. Great Wall H5 fielded by "Eurocom Auto-Trade", GWM's tier-2 distributor in Russia is the only Chinese auto brand.

Great Wall H5 making its debut in the race was changed according to the competition rules, with its engine and transmission unchanged. The model finished the 8-day race by its outstanding performance without any fault.

Great Wall SUV has performed strongly in various competitions at home and abroad in recent years.

It has competed in the Dakar Rally for four years in a raw and come out on top with the sixth place. The brilliant competition results and superior auto performance have earned Great Wall SUV growing interest and trust from consumers. Great Wall SUV has retained the domestic sales title in SUV segment for nine consecutive years and taken the lead to achieve cumulative sales of 600,000 units. It has become a model with the largest cumulative sales among all Chinese brands and all Chinese models priced above 100,000 RMB.

Worth some 6.6 billion dollars，the Chairman of GWM is now the world's richest auto executive。