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The Chinese companies taking over the world

The firms aiming for global domination
Tencent, annual revenue: $42.3 billion (£34.3bn)
COFCO, annual revenue: $71.2 billion (£57.7bn)
Beijing Automotive Group, annual revenue: $72.7 billion
Amer International Group, annual revenue: $76.4 billion (£58.9bn)
China Minmetals, annual revenue: $80 billion (£64.8bn)
China Southern Power Grid, annual revenue: $81 billion (£65.6bn)
China Energy Investment Corporation, annual revenue: $82 billion (£66.4bn)
Pacific Construction Group, annual revenue: $86.6 billion (£70.1bn)
China Communications Construction, annual revenue: $88.1 billion (£71.4bn)
Sinochem, annual revenue: $89.4 billion (£72.4bn)
FAW Group, annual revenue: $89.8 billion (£72.3bn)
Dongfeng Motor Group, annual revenue: $90.9 billion (£73.6bn)
China Resources, annual revenue: $92 billion (£74.4bn)
China Development Bank, annual revenue: $103 billion (£83.3bn)
China National Offshore Oil Corporation, annual revenue: $108.1 billion (£87.4bn)
Huawei, annual revenue: $109 billion (£88.7bn)
China Railway Construction Corporation, annual revenue: $110.5 billion (£89.9bn)
China Mobile, annual revenue: $112 billion (£91.1bn)
China Railway Engineering Corporation, annual revenue: $112.1 billion (£91.1bn)
China Life Insurance Company, annual revenue: $116.2 billion (£94.4bn)
Bank of China, annual revenue: $127.7 billion (£103.7bn)
SAIC Motor, annual revenue: $136.4 billion (£110.7bn)
Agricultural Bank of China, annual revenue: $139.5 billion (£113.2bn)
China Construction Bank, annual revenue: $151.1 billion (£122.5bn)
Ping An Insurance, annual revenue: $163.6 billion (£132.8bn)
ICBC, annual revenue: $169 billion (£137bn)
China State Construction, annual revenue: $181.5 billion (£147.2bn)
State Grid Corporation of China, annual revenue: $387 billion (£313.9bn)
China National Petroleum Corporation, annual revenue: $393 billion (£318.8bn)
Sinopec, annual revenue: $414.6 billion (£336.3bn)
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viewimage / shutterstock.com

The firms aiming for global domination

Despite China's trade dispute with America and controversies surrounding firms such as Huawei, Chinese companies – many of which are state-owned – are expanding aggressively into all corners of the globe. The Chinese government has been encouraging global expansion since 1999 through its 'Go Out' policy, which gives financial support to Chinese businesses that invest overseas.

More recently, in 2013 it launched the Belt and Road Initiative (BRI) – often called a  "21st century silk road" – which encourages investments and infrastructure in 152 countries across Asia, Europe, Africa, the Middle East and the Americas. Read on to find out the major Chinese corporations that are taking over the planet.

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Daniel Coughlin

09 October 2019

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