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People's Daily Online>>China Business

Chinese multinationals' worldwide reach limited

(People's Daily)

16:45, November 17, 2011

Edited and translated by People's Daily Online

Beijing, Nov.17 (People's Daily Online) --China's major enterprises have a low average level of transnational operations, according to the China Top 100 Transnational Companies and Multinational Index for 2011 recently released by the China Enterprise Confederation and the Chinese Entrepreneur Association.

The transnational activity of China’s multinationals is not only lower than that of the world's top 100 multinational companies but also is markedly lower than that of developing countries' top 100 multinational companies, according to the index.

In terms of overseas operations, the combined overseas assets of China's top 100 multinational companies for 2011 have reached 3.3 trillion yuan, accounting for 21 percent of their total assets. Their overseas revenue totaled 3.1 trillion yuan, about 15 percent of the total. The number of their overseas employees reached 329,000, which is a little more than 4 percent of the total.

In terms of the multinational index, major Chinese companies' level of transnational operation is still very low and at its initial stage. The average multinational index of China's top 100 transnational companies stood at 13 percent, which is not only far lower than the average level of 61 percent for the world's top 100 multinational companies but also markedly lower than the average level of 40 percent for developing countries' top 100 multinational companies. Of the top 100 Chinese transnational companies, only nine companies' transnational indexes were above 30 percent.

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