In the News
March 21, 2007
On November 22, 2006, Nanfang Weekend, a very popular weekly newspaper in China, published a “List of the Best Investment Enterprises in China Among Fortune Global 500 Companies.” It was the second year that Nanfang Weekend ranked the performance of multinationals in China. The list includes 120 subsidiaries and/or joint ventures of Fortune 500 companies. The top 10 companies on the list are the following:
• Shanghai Volkswagen
• Motorola Electronics (China)
• Shanghai GM
• Guangzhou Honda
• Nissan China
• P&G China
• Dongfeng Peugeot Citron
• Tianjin Toyota
• Wal-Mart Shenzhen
• Nokia Capitel
Related news coverage and public discussions touched upon some problematic issues associated with multinationals operating in China, such as claimed monopoly of multinationals in specific industry sectors, foreign takeover of domestic enterprises and national security concerns, business ethics, evasion of tax payments and environmental protection.
“The Top CSR Stories in China for 2006,” Ethical Corporation Magazine (UK), December 4, 2006.
Danny Levison, Editor and Publisher of ChinaCSR.com, rounds up his top picks for responsible business stories in China during the last year. “These are my own top five picks and I chose them based on their impact on society and their general importance to other developments in China,” he said. His picks are: (1) Songhua River cleanup, (2) the growth of sustainable building development, (3) safety first when developing new production methods to boost the nation’s economy, (4) donations and charity playing a bigger role, and (5) Apple’s iPod fiasco with Foxconn.
“China Should Stop the Blame Game,” Sacramento Bee, December 6, 2006. Opinion.
China has embarked on a strategy to manage its environmental reputation by launching a political campaign that lays much of the blame for the country’s mounting environmental problems squarely on the shoulders of foreigners.