[planetsprite]

That's because all the top companies in any sector in China are subsidized and heavily supported by the government. The distribution isn't as organic, it's more a matter of in China, crossing the threshold to being the "golden child" and being guaranteed success right after.

[gowings97]

"That's because all the top companies in any sector in China are subsidized and heavily supported by the government."

How? Favorable regulatory environment? Cash payments/subsidies?

[wasabi991011]

I don't know enough to support their extreme position, but for the sake of information:

Part of it is state-owned banks (the dominant form of banking in China) offering attractive lending to state-owned enterprises, as loan officers avoid the risk of being accused of corruption.

Also, there likely is/was more direct encouragement of exporters (e.g. by subsidies), similar to other countries, but my source doesn't specify if this currently applies to China.

Source: Fault Lines: How Hidden Fractures Still Threaten the World Economy (2010)

[Jensson]

In a corrupt enough society they can just go after the competitors with bogus legal claims.

[qiaoliang89]

Based in Beijing. This is not true.

[speed_spread]

From what I know about how things work, the argument makes sense. Just denying won't cut it. You need to propose an alternative view. I am willing to listen.