Ten years ago china had just three businesses listed in the Fortune 500. This year there are 19 - Sinopec is the largest.
China has an estimated 250,000 companies. China's top 500, according to www.chinadaily.com generated about a third of the country's total income - revenue and capital.
Small and mid-sized companies make up more than 99% of all Chinese companies and generate about 60% of the nation's output BUT, produce 75% of the nation's new jobs.
Big companies, state-owned companies account for more than the many many small to medium sized businesses. So, what do the little guys have to offer?
The little guys have filed 65% of the nation's patents, 75% of the new technological innovations and created 80% of all new products.
The question then is, are there small to medium size companies that are poised to become big guys?
What do you think?
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