And in particular China.

We just took a look at Fortune’s G500 list for this year compared with 2007. If anyone questions the shifting global growth, consider the changes counting companies by country HQ — then and now

US had 160, now 140
Japan held steady at 67 in both periods
UK – France – Germany went from 108 to 105

BRIC countries had 37 and now 51.

These 9 countries had 372 of the top companies which has dropped slightly to 363…. showing greater dispersion.