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Thursday, February 2, 2023

The United States extends its dominance over China in the ranking of the largest companies

It has been said for years that China will overtake the United States in dominating the global economy, but this fact is still not reflected in the ranking of companies that are most valuable in the stock market. As the 2022 statistics conclude, the North American country has not only dominated the top positions of companies globally for a long time: it is increasing its dominance.

Sixteen of the top twenty companies, one more than last year, are American. Apple It continues to easily lead the rankings despite the fact that it has lost a quarter of its value in the stock market. Microsoft, Alphabet why AmazonAlso from the US, the rankings are third, fourth and fifth.

Of the twenty largest listed companies in the world, only four are not American: Saudi Oil Co. aramcochinese technology TencentTaiwanese semiconductor manufacturer TSMC and French luxury conglomerates lvmhThe only European company in the top twenty.

The United States maintains sixty companies in the top hundred. there are other forty eleven Chinaof five Franceof five United KingdomThree Swisstwo each from India, the Netherlands and Hong Kong and one each from GermanyTaiwan, South Korea, Japan, Australia, Denmark, Canada, United Arab Emirates, Saudi Arabia and Ireland.

Europe and shaking up the technology sector

2022 has been the worst year for the stock market since 2008. The 100 largest listed companies lost $7.2 trillion. Most notice tech companies did this. energy And industries turned out to be the sectors with the best resistance.

On the other hand Europa You are losing weight by leaps and bounds. Our continent represented 46 of the top 100 companies before the financial crisis, but this has dropped to fifteen, and none of them are Spanish.

Its loss of strength contrasts with the resistance of American companies and the rise of Asia. China already has nineteen companies in the top hundred, four more than Europe. India is slow, and there are only two: Reliance Industries and the Tata Group.

The European companies that remain in the ranking are largely marked by tradition: lvmh There are brands with more than a century of history, shelter (Position 23) was established in 1866 and the origin of the drug Roche They are in 1896.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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