--FILE--A pedestrian walks past a hotel of Home Inn in Nanjing city, east Chinas Jiangsu province, 27 June 2014. Chinas most eye-catching local companies are not owned by the government and do not have traditional advantages. According to consultancy Boston Consulting Group, which ranked the top 50 domestic-focused companies from emerging markets, companies like restaurant chain Hai Di Lao and mobile phone maker Xiaomi Inc. are among the top 10 Chinese companies that are finding success on their own and becoming formidable challengers to global companies. They are competing on innovation rather than lower cost, Boston Consulting Group said in its ranking report. Other Chinese companies among the top 50 include grocer Yonghui Superstores Co. and property conglomerate Dalian Wanda Group Corp., according to the ranking, which analyzed the performance of private companies in their local markets. The rankings are not comprehensive and there are other examples of compelling companies that have not been listed, the report said.
