Here's What You Earned Investing In China's Largest Public Companies

  • 📰 Forbes
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

The number of Chinese companies on the Forbes Global2000 hit a record 309 this year

A monitor displays Alibaba Group Holding Ltd. signage on the floor of the New York Stock Exchange. How much money would you have made investing in some of China's biggest corporations this year? Photographer: Michael Nagle/BloombergAnd once again, their state-owned banks account for half of the top 10 biggest companies in the world, based on the findings in the latest Forbes Global 2000, released on Wednesday. No country has more bank giants than China.

Last year, China's second largest oil producer was considered the 30th largest corporation. It's now at 22. Its shares are down 5.56% year-to-date , so it is clearly underperforming the CSI-300 and the MSCI China indexes. Over the last 12 months, PetroChina is even worse, down 24.17%. Five years? You've thrown half your money away.The China Petroleum & Chemical Corporation has slipped from 27 to 35 on the Global 2000.

The stock is down 3.6% this year; 10.67% over 12 months, and a big win for long-termers. China Evergrande Auto stocks are up 574% in five years, or 5,740 Hong Kong dollars . Investors in SAIC shares saw their $1,000 earn them 18.60 renminbi, which is a whopping $2.71 after the exchange.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

World Domination

One of the main US government strategies is to create and maintain international conflicts in favor of US giant corporations.

THE CHICKENS HAVE COME HOME TO ROOST, ALL THE AMERICAN COMPANYS MOVED ALL THEIR FACTORYS TO CHINA FOR THE CHEAP SLAVE LABOR, NOW THEY PISS AN MOAN.!! CHINA WILL ONE DAY TAKE THEM ALL OVER, THEY WILL BE CHINA'S COMPANYS.!! LEAVE AMERICA WITH NO MANUFACTURING BASE.!! GREEDY SOB'S

China rising

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market will return to all-time highs with help from a group hit by the trade war, Wall Street bull Ed Yardeni predictsYardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China. WallStJesus TradingNation Making groundless, idiotic predictions. China buys $300 billion worth of semiconductors each year. Where do you find a replacement buyer outside China? Unless Trump caves in to China conditions first to make a deal happen which I say he will.
Source: CNBC - 🏆 12. / 72 Read more »

Wholesale importer: Our family business, like others, pays Trump's tariffs — not ChinaWe are importers of Christmas decorations. The vast majority of the items we import are made in China, with some exceptions. China is the only country that can produce many of the items we buy. Political BS. Long term let’s move away from doing business with communist China Has this importer heard of foreign exchange? The Yuan has devalued 10% since last year. He may want to call his Chinese factories who are making out.
Source: CNBC - 🏆 12. / 72 Read more »