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Report says competitiveness of Chinese firms rises
By Liang Yiwen |
November 29, 2010, Monday
|
Online Edition
Online Edition
Competitiveness of domestic companies rose strongly this year, with financial companies topping the list, a report by Shanghai University of Finance and Economics showed today.
The top 500 domestic firms' overall competitiveness index rose to 111.76 points, compared with the 98.83 points last year, according to the report.
Three banks – China Construction Bank, Agricultural Bank of China and Industrial and Commercial Bank of China – won the top three spots, followed by China Mobile and China Life, in the list of 500 companies ranked by their scales, profits and growth potential.
Huawei, in the 7th place, became the first private firm to enter the top 10.
A total of 172 private firms entered this year's list, while state-owned enterprises still took the majority places. Private firms showed better performance in the profits index, though their scale index lagged behind that of the SOEs.
Firms engaged in waterway transportation and petroleum and gas exploitation fell out of the top 10, because of lackluster shipping business in 2009 after the financial crisis, the report said.
The top 500 domestic firms' overall competitiveness index rose to 111.76 points, compared with the 98.83 points last year, according to the report.
Three banks – China Construction Bank, Agricultural Bank of China and Industrial and Commercial Bank of China – won the top three spots, followed by China Mobile and China Life, in the list of 500 companies ranked by their scales, profits and growth potential.
Huawei, in the 7th place, became the first private firm to enter the top 10.
A total of 172 private firms entered this year's list, while state-owned enterprises still took the majority places. Private firms showed better performance in the profits index, though their scale index lagged behind that of the SOEs.
Firms engaged in waterway transportation and petroleum and gas exploitation fell out of the top 10, because of lackluster shipping business in 2009 after the financial crisis, the report said.
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