The following paper is interesting that shows the growing power of Chinese multinationals. A Great Surprise.


The coming age of Chinese multinationals

by George Zhibin Gu

December 2004 will be remembered as a time when a faceless Chinese company, Lenovo, suddenly took the global stage. The bluest of blue-chip multinationals, IBM, got out of its personal computer business by selling out to Lenovo, making this faceless company the third-biggest global PC player. So are there other Chinese brands which could take the world by storm? A rising economy must create multinationals. The UK and US have done it. Japan and South Korea have followed. Now it's China's turn.

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http://www.onlineopinion.com.au/view.asp?article=3337