久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

chinadaily.com.cn
left corner left corner
China Daily Website

Chinese companies still lack global status

Updated: 2012-07-20 08:16
By Wei Tian ( China Daily)

Chinese companies still have relatively low profitability and lack global status despite a record presence in the latest Fortune 500 list, McKinsey & Company said on Thursday.

As economic structural reform advances and cost advantages fade away, investment-driven growth must give way to higher productivity, said the US-based consultancy firm.

The average profit margin of China's 42 central State-owned enterprises on Fortune Magazine's latest annual ranking of the world's 500 largest companies by revenue was only 2.2 percent, compared with an average of 4.8 percent for non-financial companies outside the Chinese mainland.

Sinopec Group, the largest company in China by revenue, which ranked fifth globally, reported a profit margin of 2.8 percent in 2011. In comparison, Exxon Mobil, which came third on the list, had a profit margin of 8.6 percent.

The mainland had a total of 70 companies on the list, overtaking Japan for the first time as the second-largest base for the world's top 500 companies.

However, Xu Haoxun, a director with McKinsey China, said that less than 10 of these companies can really be regarded as "world-class enterprises".

"The growth of China's SOEs is mostly a result of their competitive edge in the domestic market, but these Chinese 'giants' face a lot more challenges when they enter the global market," Xu said.

Apart from its monopolized sectors, the Chinese market has the most severe competition in the world, which has resulted in the lowest profit margins, Xu said, adding that the investment-driven growth of previous years is no longer sustainable.

Meanwhile, rising costs in the domestic market mean that managers need to pay more attention toward both human and capital costs.

"The best form of defense is offence, thus taking a slice of the global market is key to the survival of Chinese enterprises," he added.

To build world-class enterprises, Chinese companies need to make more efforts to improve their profitability and sustainability, and improve the efficiency of their management systems and their ability to allocate resources globally, he said.

"In the next five to 10 years, China will need at least 100 CEOs with the ability to run Fortune 500 companies, 100,000 talented and experienced managers, and millions of skilled workers who can operate advanced equipments," Xu said.

The State-owned Assets Supervision and Administration Commission recently launched a program to improve internal controls in SOEs, and Xu said that McKinsey is working with the national assets watchdog to help build these companies into "world-class enterprises".

Xu said that as this process continues, more SOEs will pull out from non-core businesses, offering more opportunities to private business.

"Sometimes it's not that the SOEs don't want to reform, they do face a lot of resistance," said Xu Baoli, a researcher with the research center affiliated to SASAC.

The researcher said despite the SOE reform in 1998, there are still some non-performing assets, and the problem has been hidden by the rapid growth since 2003.

But SOEs may now face a period of contraction. At a recent meeting, Shao Ning, a vice-chairman of SASAC, called on the companies to prepare for a "winter period".

"Coping with contraction will be a tougher mission than expansion for the management of SOEs," SASAC's Xu said.

"World-class enterprises in the West evolved in an environment of complete competition, but China's SOEs have to deal with more social responsibilities, thus there isn't a universal standard," he added.

weitian@chinadaily.com.cn

8.03K
 
...
...
...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    亚洲人成影院在线观看| 亚洲精品国产高清久久伦理二区| 精品一区二区三区蜜桃| 国产亚洲欧洲997久久综合| 国产99精品视频| 亚洲人成精品久久久久久| 在线亚洲免费视频| 日韩成人免费在线| 国产午夜精品一区二区三区视频| 成人福利视频网站| 亚洲五码中文字幕| 精品久久久久99| 成人午夜精品一区二区三区| 亚洲国产另类精品专区| 日韩三级高清在线| 北条麻妃国产九九精品视频| 亚洲一区二区精品3399| 精品999在线播放| 99久精品国产| 免费的国产精品| 国产精品欧美极品| 欧美日韩不卡在线| 国产成人福利片| 亚洲国产aⅴ天堂久久| 久久综合九色综合欧美98| 91丨porny丨中文| 麻豆国产一区二区| 国产精品成人午夜| 日韩午夜三级在线| av在线一区二区| 美女在线视频一区| 亚洲色大成网站www久久九九| 欧美一卡2卡三卡4卡5免费| 不卡电影一区二区三区| 日本大胆欧美人术艺术动态 | 精品国产91洋老外米糕| 91视视频在线观看入口直接观看www | 欧美激情综合五月色丁香小说| 91国偷自产一区二区三区成为亚洲经典| 美女视频网站久久| 亚洲三级在线免费| 久久先锋影音av鲁色资源| 欧美自拍偷拍午夜视频| 国产一区二区三区av电影| 亚洲午夜久久久久久久久电影院| 久久精品一区二区| 欧美日韩激情一区| voyeur盗摄精品| 精品在线播放午夜| 亚洲国产三级在线| 国产精品久久三区| 欧美精品一区二区三区视频| 欧美日韩视频第一区| 99精品国产99久久久久久白柏| 六月丁香婷婷久久| 午夜精品一区二区三区免费视频| 国产精品日韩精品欧美在线| 精品免费视频.| 欧美日韩国产大片| 色综合一区二区| 懂色av一区二区三区免费观看| 久久精品免费看| 成人黄色777网| 国模一区二区三区白浆| 午夜精品久久久| 亚洲精品综合在线| 国产精品视频第一区| 欧美一级在线免费| 欧美日韩成人一区| 欧美自拍丝袜亚洲| 94-欧美-setu| 成人av电影观看| 国产大片一区二区| 欧美bbbbb| 日本不卡一二三| 午夜激情综合网| 亚洲成av人片在线观看无码| 亚洲人成亚洲人成在线观看图片| 亚洲国产高清在线| 久久精品亚洲精品国产欧美kt∨ | 色婷婷av一区二区三区软件| 成人黄色片在线观看| 国产成人av电影在线播放| 精品一区二区三区免费视频| 裸体健美xxxx欧美裸体表演| 天堂蜜桃91精品| 亚洲成人激情自拍| 亚洲国产日韩一区二区| 一区二区三区高清不卡| 亚洲免费观看视频| 亚洲另类春色国产| 亚洲精品日日夜夜| 亚洲欧美电影院| 一区二区三区在线观看网站| 亚洲欧美激情一区二区| 亚洲蜜臀av乱码久久精品蜜桃| 自拍偷拍亚洲综合| 亚洲日本va在线观看| 亚洲欧美欧美一区二区三区| 亚洲人成在线播放网站岛国 | 亚洲精品国产无套在线观| 亚洲色大成网站www久久九九| 国产精品久久久久久久久免费丝袜| 中文字幕欧美区| 国产精品电影院| 亚洲女人****多毛耸耸8| 亚洲黄网站在线观看| 亚洲一区二区在线播放相泽| 午夜视频在线观看一区| 日韩经典中文字幕一区| 麻豆91在线播放免费| 国产美女在线精品| www.视频一区| 日本黄色一区二区| 欧美日韩1234| 日韩免费一区二区三区在线播放| 精品久久久久久久久久久院品网| 久久精品一区二区三区不卡牛牛| 中文字幕免费一区| 亚洲视频在线观看三级| 亚洲成人免费看| 麻豆成人免费电影| 国产激情一区二区三区四区| av午夜一区麻豆| 欧美日韩精品系列| 欧美成人性战久久| 国产精品视频第一区| 日韩影院在线观看| 日韩欧美国产电影| 久久久久久电影| 国产精品久久毛片av大全日韩| 亚洲精品免费一二三区| 91日韩精品一区| 欧美日韩久久久久久| 日韩欧美国产wwwww| 中文成人av在线| 亚洲一区在线电影| 久久精品国产免费| 成人开心网精品视频| 欧美网站一区二区| 精品88久久久久88久久久 | 91精品国产一区二区三区 | 国产三级久久久| 亚洲激情在线播放| 日本美女一区二区三区| 东方aⅴ免费观看久久av| 91久久精品网| 精品久久久久久久久久久久久久久 | 一区二区三区欧美视频| 美日韩一区二区三区| 不卡区在线中文字幕| 欧美高清视频www夜色资源网| 国产午夜精品久久| 亚洲国产欧美在线人成| 日本vs亚洲vs韩国一区三区二区 | 国产一区二区在线视频| 成人精品gif动图一区| 欧美日本一区二区三区四区| 国产视频不卡一区| 午夜电影一区二区三区| 国产精品一二三区| 欧美丝袜自拍制服另类| 久久综合色一综合色88| 亚洲在线视频网站| 国产成人免费视| 欧美二区三区91| 1024亚洲合集| 国产一区二区三区四区五区入口| 一本大道久久a久久精品综合| 欧美mv日韩mv亚洲| 亚洲一区二区精品视频| 国产成a人亚洲| 欧美一区二区在线观看| 亚洲欧美激情小说另类| 韩国视频一区二区| 欧美日韩美少妇| 国产精品免费看片| 久久精品国产99久久6| 欧美在线看片a免费观看| 国产日韩三级在线| 毛片基地黄久久久久久天堂| 一本久久a久久精品亚洲| 欧美精品一区二区三区在线 | 香蕉av福利精品导航| av中文字幕一区| 久久久久亚洲蜜桃| 日日摸夜夜添夜夜添亚洲女人| 97se亚洲国产综合自在线不卡| 久久欧美中文字幕| 日韩av一区二区三区| 在线看国产日韩| 最好看的中文字幕久久| 国产一区高清在线| 这里只有精品免费| 亚洲一区二区视频| 91一区二区三区在线播放| 国产欧美日韩在线| 国内精品第一页| 精品少妇一区二区三区日产乱码| 偷拍自拍另类欧美|