E The China Is A "Paper Tiger" Thing Revisited

I have been giving more thought to my claim that China is a “paper tiger” and I thought it worthwhile to look a little deeper into the analysis that led up to that claim—the market value of the Forbes Global 2000.  Rather than just simply look at that data by country and international groupings, I thought it would be interesting to go one “layer” lower and look how those same countries and international groupings compared in each of the ten business categories that were used to define the total scope of all those businesses.

The ten business categories are: (1) Consumer Discretionary—autos, trucks, furniture, discount stores, furniture, recreational products;(2) Consumer Staples--food, beverage, tobacco; (3) Energy--oil and gas; (4) Financials--banks, insurance, real estate, investments; (5) Health Care—health care services, medical equipment, pharmaceuticals, biomed; (6) Industrials—airlines, trains, aerospace, equipment, construction; (7) Information Tech—computers, communications, electronics, semiconductors, software; (8) Materials—diversified metals and chemicals, iron and steel, construction materials, specialized chemicals; (9) Telecommunications—telecommunication services and media; and (10) Utilities—diversified utilities, electric and natural gas utilities.

Now I spent the time trying to give you a broad sweep and idea as to how “global” business is viewed from the Forbes Global 2000 perspective.  As you can see the list is comprehensive.  Almost all the Forbes Global 2000 businesses can be solely placed in one of the above ten categories.  Conglomerate businesses are much harder to place in one category alone.  Conglomerates account for about 1% of the total global market value so they are not a large factor.  In my analysis I put conglomerates into the industrial category.

Below you will see the level of business activity in each of the above ten business categories by international groupings.  The data is based upon 2020 Forbes data.    

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Disclosure: No positions.

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Jack S. Chen 1 month ago Member's comment

Thanks for the read.