Dynamics of chinese multinational companies: A comparative analysis
DOI:
https://doi.org/10.21527/2237-6453.2024.60.14986Keywords:
Multinational companies, China, Foreign Direct InvestmentAbstract
The intensification of China's development process and the emergence of large Chinese companies had a profound impact on the international geopolitical structure. This work proposed to understand the expansion process of Chinese multinationals and their consolidation as important agents of the global economy, by comparing financial (at the company-level) and economic-structural (at the country-level) indicators among the main players of global capitalism, such as the United States, Japan, United Kingdom, France, and Germany. The study draws upon data from Global Fortune 500 companies and foreign direct investment spanning the period from 1999 to 2019. Analyzes reveal the expansion of Chinese multinationals since 1999, to the detriment of a reduction in multinationals from other countries, especially the United States and Japan. The expansion was especially concentrated in the finance sector, with great importance for banks, due to the role they play in choosing projects for the country’s national and regional development.
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