Wanxiang "Threaten" German Enterprises

Resource from: cbcc-yinx Likes:3028

Jun 08,2006

Recently, Economy Week, a Germany magazine, released a list of World Top 100 Challenge Enterprises, including Wanxiang Group. There are altogether 44 Chinese enterprises included in the list. From the stand of Germany enterprises, the magazine also selected 12 enterprises from the 100 listed ones as the most "threaten" enterprises, Wanxiang were included for the second time. Nowaday, globalization is flourishing and countries of the RDE(rapidly developing economies) is playing an increasingly important role in the world market. In order to know more about this RDE countries, Economy Week chose 100 enterprises from 12 RDE countries worldwide and made the "Top 100" list for later research. Whether an enterprises can be listed depend on many factors, such as enterprise size, international activity, preparation for prospective globalization etc. It is reported that the 100 enterprises enjoyed an average annual growth rate of 24 percent from 2000 to 2004; total sales of them were $0.715 trillion in 2004; average profit margin hit 20 percent, much higher than the 9 percent of those companies listed on NASDAQ. Therefore, Economy Week said the domestic enterprises should pay attention to the development of the Top 100 enterprises, especially the 12 most "threaten" enterprises, who may become major competitors against them. Of the "Top 100", Wanxiang, Haier and Baosteel are the most competitive Chinese enterprises.

(cbcc-yinx)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Longxi Bearing Declares 2005 Dividend
Next Luoyang Precision Machinery Ltd Form Mass Production

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.