Backbone for further development

Chinese enterprises have collectively managed to break the long-term global monopoly held by the multinationals

Economic competition between nations is often the competition between enterprises, and, of course, it is the multinational companies that feel the impact of international competition among big powers in most cases. However, in the case of China, it is clearly competition between China's "national champions" and the multinational corporations from the United States, Europe and Japan.

During the past decade, Chinese enterprises have collectively managed to break the long-term global monopoly held by the multinationals and this has been made possible by the pioneering efforts of Chinese State-owned enterprises.