On the plane from Tokyo to Beijing I took the time to glance through Forbes “Global 2000” 2008 special issue.
The first thing that could my interest is that the power shift seems to go faster than most people expected. Obviously institutional structures make the shift visible in everyday life as these new comers do not operate in the same way (or in the same regions) as the old ones.
Winners Gain/Loss in companies 2004 vs. 2008
China 45 (60 if Hong Kong is included)
Hong Kong 15
Losers Gain/Loss in companies 2004 vs. 2008
The symbolic shift on the top spot for market value when PetroChina was listed is something that few have missed. The big ExxonMobile on number two “only” has a market value of US$ 465,506 million compared to PetroChina with US$ 546,138 million… a 15% margin or US$ 80,632 million, more than pocket money… Something that I have not seen discussed as much is China Mobile’s 4th position, with only General Electric between it and the two oil companies. With 8,285 in profits they rank 44th on the Global 2000 list over profits. I look forward to my meeting with them this coming week. (They replied to the survey WWF and Gartner did together and provided some very interesting answers making them a company to look out for with regards to leadership in the sustainability field).