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Domestic brands see major rise in value

China Daily | Updated: 2018-02-14 07:43

BEIJING - The combined brand value of Chinese companies will rise to $911.5 billion in 2018, nearly ninefold that of 10 years ago, Brand Finance said in a report.

China's share of the global brand value rose to 15 percent this year from 3 percent in 2008, ranking second after the United States, according to the consultancy firm's annual report on the world's most valuable brands.

Twenty-two Chinese brands were listed in the top 100, with Industrial and Commercial Bank of China holding its 2017 rank as the 10th most valuable brand in the world.

Domestic brands see major rise in value

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