China Mobile (CHL) made the list of China’s top 10 companies released this week, making it the only consumer driven company in the big leagues.
No surprise, nearly all of the companies in the top 10 were state owned enterprises, with petroleum and petrochemical companies Sinopec (SHI) and China National Petroleum Corp. in the top two.
But what China Mobile shows is that the spending power of the average Chinese consumer is rising enough for them to take on the additional costs of wireless phone services. The top 10 list is full of transportation, financial services and oil companies. China Mobile stands out as a rep of the new China.
The list is the 10th of its kind to be jointly released by the China Enterprise Confederation and the China Enterprise Directors Association. The threshold for entering the list was raised to 14.2 billion yuan in revenues, an increase over the 11.08-billion-yuan threshold used during the previous year. The list categorizes the 500 biggest companies in China.
In the top 10 in order of revenues are Sinopec, China National Petroleum, State Grid Corp, Industrial and Commercial Bank of China (HK: 1398), China Mobile, China Railway Group (HK:0390), China Railway Construction Corp. (HK: 1186), China Construction Bank (HK:0939), China Life Insurance Co. (LFC) and the Agricultural Bank of China (HK: 1288).
See: What’s So Great About China
Man there are alot of losers here2008-05-26 20:02:38 by Comptech-Usa
You know, alot of these people are idiots dont let them get you down. MLM is a good way to make money. In fact i bet most these people are laid off so they are trying to bash your ideas. They have no concept of money. They dont realize all companies are switching. How many coca cola commercials do you see now or pepsi? what about verizon and t mobile? not many you know why? THEY MLM THEM NOW! they save money and you make money!
"oh but its a pyramid scam." the loser calls from the back. Oh is it? well maybe you arent aware of what a pyramid scam is because its not MLM. Not to mention if you want to say then then think of this i CHALLENGE YOU!! your job why dont you draw a triangle and then top to bottom write down the structure
O'Bagy, where art thou?: Can a 26-year-old be a Syria 'expert'? — Daily Caller
But I can't help thinking we have gotten away from honoring the wisdom that comes with age and experience (traveling to Syria multiple times and reading books are not an adequate substitute).
China Mobile and Clearwire advance plans for global roaming on TD-LTE.(TOP NEWS): An article from: China Telecom
Book (Information Gatekeepers, Inc.)