For the fourteenth consecutive year, the china federation of enterprises and the china entrepreneurs association launched the “analysis of the 100 large and transnational index of chinese transnational corporations”。
The “indicator 100 for china's transnational corporations and transnational corporations” was produced by the chinese confederation of enterprises on the basis of data from the voluntary declarations of enterprises on the basis of the standards of the united nations conference on trade and development, based on the list of top 500 chinese enterprises, top 500 chinese manufacturing companies and top 500 chinese service enterprises. The majority of chinese tncs are non-financial enterprises with overseas assets, income from operations abroad, and employees abroad, depending on their ranking of total overseas assets; the transnational index is calculated by 3 x 100 per cent (total overseas operating income plus total overseas assets plus total overseas employees)。
The 100-large and cross-border indices of chinese tncs have the following main characteristics:
1. The threshold of entry continues to rise
The 100-large threshold (possessed overseas assets) for chinese tncs is rmb 19,840 million, an increase of rmb 1,931 million, or 10. 78 per cent over the previous year; total overseas assets amount to rmb 12,36. 9 billion, and total overseas employees totalled 12,735,583, an increase of 5. 12 per cent and 690 per cent, respectively, over the previous year; and income from overseas operations is rmb 86,201. 5 billion, a decrease of 5. 37 per cent from the previous year。
2. Businesses perform relatively well across borders
With the slowdown in global economic growth, weak international demand and trade protection, the transnational business development of enterprises across countries faces challenges, with the transnational business index falling to varying degrees. The average cross-border index of 100 large chinese tncs is 15. 35 per cent, a decrease of 0. 55 percentage points from the previous year. During the same period, the world multinational corporation (tnc) index of 100 was 49. 21 per cent, a decline of 2. 64 percentage points, and the transnational index of 100 developing countries declined by 3. 4 percentage points. In comparison, the transnational operations of our major enterprises have performed relatively well。
3. Developed regions have a majority and state-owned enterprises dominate
In terms of the location of the enterprise's headquarters, china's transnational corporation, which covers a large number of 17 provinces, autonomous regions and municipalities directly under the central government, covers a total of 100, mainly in economically developed areas, including beijing, 34 per cent; guangdong, 13 per cent; shandong, 10 per cent; zhejiang, 9 per cent; and shanghai, 8 per cent。
In terms of the nature of business ownership, of the 100 largest chinese tncs, 64 are state-owned and owned and 36 are private。
According to the industry in which the business is located, the 100 major chinese tncs are located in 10 non-ferrous smelters and products, 7 in black metallurgy, 6 in civil engineering, 6 in automobiles and spare parts, wind and solar equipment, 5 in electricity, 4 in domestic appliances and diversification, 3 in semiconductor integrated circuits and panels, industrial and commercial machinery, internet services, communications equipment and telecommunications services。
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