Elite company: the firms that were China’s most valuable before CXMT
- Posted on July 31, 2026
- By South China Morning Post
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- 1 min read
China's technology sector has experienced a remarkable transformation in market dominance. The recent emergence of CXMT as the nation's most valuable company marks a historic shift in economic leadership, breaking the two-decade reign of energy corporations, financial institutions, and consumer goods manufacturers. This transition reflects broader changes in China's investment priorities and industrial focus, signaling a strategic pivot toward semiconductor manufacturing and advanced technology development as key growth drivers for the future economy.
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