Global dominance of Chinese companies on world markets

European concern over China’s increasing dominance, especially on the French and German railways, has prompted the announcement of a partnership to create a European group specializing in this field.

With the European Union’s rejection of the merger of French companies Alstom and Siemens, there is growing concern over the dominance of Chinese companies, usually backed by the state, that not only rail industry but also many facilities and industries.

In railways, state-subsidized CRRC is the world’s largest rail manufacturer and receives orders for locomotives and vehicles from Boston and Philadelphia through Cambodia and Colombia to customers including the London Underground and the German transport company Deutsche Bahn.

Its annual turnover of 26 billion Euros ($ 29 billion) exceeds the revenues of three of the largest Western companies with revenues of about $ 9 billion a year – Bombardier, Siemens and Alstom.

As for agrochemicals, China’s state-owned chemical company, China, has become one of the world’s largest producers of seeds and pesticides when it acquired the giant Swiss pesticide company Singenta through a $ 43 billion deal in 2017, with that is becomes a strong competitor for companies like Monsanto, Dowdupont.

It was the largest acquisition by a Chinese company after the National China Oil Corporation in 2013 purchased Canadian energy company Nexen Energy under a $ 15.1 billion contract.

Kim also controls Italian tire maker Pirelli and Germany’s Kraus Mavi.

In the energy sector, China National Nuclear Power Company launched its locally developed Hualong-1 reactor in 2015 to compete with French and American reactors, and its technology has been used in Argentina and Pakistan.

Chinese companies for the manufacture of solar panels, Jinko, Trena and Solar dominate global markets.

On the oil front, Chinese companies such as China National Petroleum Corporation (CNOC), China National Petroleum Corporation (CNPC) and China Petrochemical Group (Sinopec) are stepping up their investments, Reduce their expenses.

In the aviation sector, China Commercial Aircraft Corporation (COMAC) expects to bring the first passenger aircraft made in China to a customer in 2021, in a bid to challenge the dominance of Boeing and Airbus.

The Chinese company has confirmed that it received a thousand orders for the plane, “C 919”, which includes 168 seats.

In the food sector, demand continues to grow as the Chinese food industry giant Kufuco plays the world’s grain trade after it bought the agricultural division of Singapore’s Noble Commodity Trading Company and Nedera of the Netherlands.

WHGroup, the world’s largest producer of pork, also became the world’s biggest pork producer in 2013 when it bought the largest US company, Smithfield Foods, to produce pork and sausages.

In the field of drones industry, the DGI, founded by a Chinese university student in 2006, became the world’s largest manufacturer of civil aircraft and controlled 70 percent of world markets, surpassing French competitor Parrot.

In the fields of smart phones, many Chinese smart phone manufacturers now dominate most of the world markets, with Huawei accounting for 15 percent, Xiaomi 8.7 percent and Oppo 8.1 percent.

Sales of Huawei and Oppo phones rose 30 percent last year as rival Apple and Samsung fell.

In domestic appliances, Haier Group is the world’s largest manufacturer of household appliances with a 10 percent market share in the world, surpassing Werbol and Electrolux.

Haier bought General Electric’s household equipment division in 2016.

In the battery manufacturing industry, also there are many Chinese companies are dominating the markets, which supplies the giants of the automobile industry, such as Volkswagen, Ford and Daimler batteries, Japan’s Panasonic to the world number one position in the manufacture of batteries for lithium electric vehicles.

In terms of shipping, COSCO, the third largest shipping company in the world, has 50 container terminals around the world, including Piraeus and Bilbao.

In addition to the above, there is a great development and spread in the fields of different industries, such as the automotive industry and the various mechanisms in addition to equipment and industrial production lines and many more.