The giant Chinese companies shaping the world's industries

CRRC, the world's largest train maker, is not the only industrial behemoth to emerge from China
CRRC, the world's largest train maker, is not the only industrial behemoth to emerge from China

It was fear of being dominated by a Chinese behemoth that sparked an attempt by large French and German rail companies to join forces to create an European industrial champion.

The merger by Alstom and Siemens was vetoed by the EU on Thursday, but concerns about the overwhelming power of vast, often state-backed Chinese companies is not limited to the rail industry.

Here are some of areas in which Chinese companies control a large piece of the global market.

Rail

China's state-backed CRRC is the world's largest train manufacturer, with locomotives and wagons ordered across the globe from Boston to Philadelphia, Cambodia to Colombia, and customers including the iconic London Underground and Germany's Deutsche Bahn.

Its annual revenues of 26 billion euros (29 billion dollars) alone outweigh the three Western heavyweights Bombardier, Siemens and Alstom, each of which brings in around nine billion a year.

Agrichemicals

The state-owned ChemChina became one of the world's seeds and pesticide producers when it acquired Swiss pesticide giant Syngenta for $43 billion in 2017, putting it in competition with Monsanto and DowDupont.

It was the biggest overseas acquisition by a Chinese firm yet, ahead of the $15.1 billion purchase of Canada's Nexen Energy by China's state oil firm CNOOC in 2013.

ChemChina also controls Italian tyremaker Pirelli and German machinery firm KraussMaffei.

Energy

The state-run China National Nuclear Corp (CNNC) launched its locally developed Hualong One nuclear reactor in 2015 to compete with French and US models, selling to Argentina and Pakistan.

Chinese solar panel manufacturers Jinko, Trina and Solar dominate the global market.

And Chinese oil companies—CNOOC, CNPC and Sinopec—are investing heavily even as their global rivals cut spending.

Aviation

China's state-owned plane-maker Comac expects to deliver its first home-made passenger jet to a customer in 2021, as it seeks to challenge the dominance of Boeing and Airbus.

Nuclear giant CNNC is giving French and US companies a run for their money in developing energy markets like Argentina and Pakis
Nuclear giant CNNC is giving French and US companies a run for their money in developing energy markets like Argentina and Pakistan

The company says it has received a thousand orders for its 168-seater C919 plane.

Food

The state-owned food giant COFCO is playing an increasing role in world grain trading after purchasing the agricultural arm of Singaporean commodities trader Noble as well as Dutch Nidera.

China's WH Group became the world's largest pork producer in 2013, when it purchased major US pork and hot dog producer Smithfield Foods Inc.

Drones

Founded by a Chinese university student in 2006, DJI has become the world's top civilian drone maker with 70 percent of the market, outpacing its French rival Parrot.

Smartphones

Chinese smartphone makers are taking a larger slice of the global market, with Huawei at 15 percent, Xiaomi 8.7 percent and Oppo 8.1 percent.

Phone sales by Huawei and Oppo surged by 30 percent last year, defying a downward trend that hit rivals Apple and Samsung.

Home appliances

China's Haier Group is the world's leading manufacturer of home appliances with around 10 percent of the market, ahead of rivals Whirlpool and Electrolux.

Haier even purchased the appliances arm of US giant General Electric in 2016.

Batteries

Chinese firm CATL, which supplies batteries for car titans Volkswagen, Ford and Daimler, is battling with Japan's Panasonic for the world's lithium electric car battery top spot.

Its production capacity will increase fivefold by 2020 due to a mammoth new factory in China, and the firm has announced a huge factory in Germany to supply European customers.

Freight

The state-owned Cosco Group is the world's third biggest shipping company with 50 container ports across the globe, including Greece's Piraeus and Spain's Bilbao.


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Feb 10, 2019
Does anyone find this scary?

Feb 10, 2019
We should all be afraid of the power these huge corporations wield, and not just Chinese corporations. Nearly all of the largest corporations worldwide are owned and/or controlled by the Central Banking cabal, Chinese state-owned companies are no different given the Chinese central bank is part and parcel with this cabal. Biggest difference being the state-owned Chinese companies don't have to hide their malfeasance as deviously as their western counterparts.

Feb 10, 2019
Big Planet... Big Business!
You, personally, through your heedless borrowing & feckless purchases make these International Conglomerates. Not just possible, but necessary.

Because you will have a tantrum if you are deprived of the latest, greatest shiny toy or run out of your favorite imported consumables.

"Made In America" with a whole lot of imported content. But that does cut both ways.

Big profits in exporting American products. Such as agriculture & weapons. We sell them defective medicines, they sell us poisonous drugs.

One hand washes the blood off the other. Especially true with selling weapon systems. Got keep the obsolete factories running flat-out with obsolete jobs for obsolete American workers.

On a secondary level are the profits earned as royalties & license agreements is the export of American Culture as digital signals.

Think about that. We export electrons, for which we receive money & goods. Made of scarce & exotic materials..

Feb 10, 2019
We should all be extremely worried about this. The west will be third world in a few decades. The US makes less and less products every year and imports more. The stuff that is made here is getting to be all low tech.The middle class is dying.

Feb 11, 2019
State run capitalism is just bigger than independent capitalism. Since the capitalist form of economics is worshiped in the west, and harnessed in the east, USA westerners have a conundrum: imitate the Chinese (hint: in Russia that means a dysfunctional oligarchy) or national controls on the excesses of western capitalism, like Europe. I prefer the European model. We are watching the USA westerners come to terms with this, and, for the moment, are seeing Republican/Libertarian dogma as religious rather than a dysfunctional economic theory. What is self evident is that these economic dogmas fail to produce much for our country vs Chinese economic imperialism. Our constitutional form of government is intentionally slower to react to changes in economics that parliamentary governments, so we will be the last to change. But, in the end we will change, or we will not survive.

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