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July 9, 2009
Chinese companies gain economic clout on world stage

Developing countries like China are exercising more and more power on the global political stage because of their increasing economic clout.

In 1998, just six Chinese companies were on the Fortune 500 global list of the world’s largest companies, while 185 American companies were included. Ten years later, 37 Chinese companies made the list, while U.S. companies had decreased to 140.

Brian Dumaine, Fortune’s global editor, joins Martin Savidge to discuss the economic rise of China and Japan and China’s role in recovery from the global recession.

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