Chinese companies gain economic clout on world stage

Developing countries like China are exercising more and more power on the global political stage because of their increasing economic clout.

In 1998, just six Chinese companies were on the Fortune 500 global list of the worlds largest companies, while 185 American companies were included. Ten years later, 37 Chinese companies made the list, while U.S. companies had decreased to 140.

Brian Dumaine, Fortunes global editor, joins Martin Savidge to discuss the economic rise of China and Japan and Chinas role in recovery from the global recession.

http://worldfocus.org/blog/2009/07/09/chinese-companies-gain-economic-clout-o...

Category:

News & Politics

Tags:

• Brian Dumaine
• China
• economy
• financial crisis
• Fortune 500
• Japan
• Worldfocus
• World Focus
• Martin Savidge

[stealthpakfa]

china is not an export driven economy.

during the 2000-2009 decade, investment has been the biggest driver of growth.

43% of china's gdp growth came from investment(private and government).

37% of china's gdp growth came from consumption.

only 20% of china's gdp growth came from NET exports(exports minus imports).

these are the facts released by the IMF and world bank.