Mon, Aug 21, 2006 - Page 12 News List

Foreign companies dominate China's top manufacturers

BLOOMBERG

Almost two-thirds of China's largest manufacturers are foreign firms, first among them Motorola Inc, No. 6 among all industrial companies in the world's fourth-largest economy, a report said.

Motorola had 74 billion yuan (US$9.28 billion) in sales in China last year, far more than the 49 billion yuan of rival handset maker Nokia Oyj, which was the second-largest foreign firm in China in terms of sales and No. 12 overall, according to the report released on Saturday by China's National Bureau of Statistics.

General Motors Corp, the world's largest automaker, was ranked the third-largest foreign firm and No. 14 overall with 45 billion yuan in sales, the report said.

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