Lenovo Holdings Tops China’s Private Firms List
Good timing for Lenovo Holdings. I have been wanting to buy another pc to replace my IBM Thinkpad, and a Lenovo Thinkpad is the best option…for now.
According to the latest annual research report by the All-China Federation of Industry and Commerce (ACFIC) Lenovo is China's top private firm. The company is about to get my $2000, too.
The company turned over $18.4 billion in 2006 and was tops on a list of 3.191 companies, all of which had annual turnover of 200 million yuan or more.
The top 500 firms in China have an average of 7,040 employees.
Some 98 businesses have more than 10,000 people.
Of those, 18 companies employed more than 30,000 people.
More than 8 in 10 (82.6%) were located in
eastern China.
More than 60% of the firms paid at least 80% of insurances (pension, medicare, unemployment.)
China's private enterprises are quite healthy thanks to the overall condition of the economy.
Capital-intensive and technology-intensive industries are the targets for expansions.
What is your experience with a Lenovo computer?
Leave a comment!