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Strategies & Market Trends : Greater China Stocks
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From: Julius Wong9/12/2011 8:30:38 PM
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Asia's Fab 50
Edited by Scott DeCarlo and John Koppisch

The story of Asia is increasingly the story of China and this year’s list of the 50 best publicly traded companies in Asia-Pacific certainly reflects that. Virtually half of the companies–23, to be exact–hail from China. No country has ever boasted close to that number–including China–since we started spotlighting the region’s most fabulous companies in 2005.

Last year China claimed 16 places among the elite but as the country’s real estate, construction, auto-making, appliance manufacturing and gold-mining industries continue to boom, an additional company from each of those sectors barged itself into the top ranks. The most notable newcomer: Qingdao Haier, the world’s No. 1 white goods brand. A Chinese bank and, in a first, a chain of car dealerships–Zhongsheng Group Holdings–also won Fab 50 spots. In a mark of how quickly China’s companies have arrived on the world stage, the country had only five members in 2005 and two in 2006.

forbes.com
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