China and Japan operate the world's largest multinationals today.
Today the world´s largest multinationals are:
China Corporation of Petroleum- Chinese
Toyota Motor Company- Japanese
A multinational corporation has offices and other assets in at least one country other than its own country. Multinational companies have facilities and factories in different countries as well as a centralized headquarter where they coordinate global management.
Another country which operates the largest multinationals is the United States, for example PepsiCo.