Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China has most companies on Fortune Global 500 for first time

July 23, 2019


Abstract : China has the highest number of big companies that made it to this year's Fortune Global 500 list, surpassing the United States for the first time.

BEIJING, July 23 (Xinhua) -- China has the highest number of big companies that made it to this year's Fortune Global 500 list, surpassing the United States for the first time.

The country saw 13 new firms listed on the Global 500 list this year, bringing the total to 129, higher than 121 from the United States, according to the Fortune China website.

Three Chinese firms -- Sinopec Group, China National Petroleum and State Grid -- made it into the top 10.

Tech firm Xiaomi, established nine years ago and a newcomer to the Global 500 club, was the youngest among this year's Fortune Global 500 companies, coming in 468th on the list.

Six of the top 10 firms posting the fastest ranking growth came from China, including Alibaba and Tencent.

The website attributed the growth of Chinese firms to the country's expanding domestic market, strategic reorganizations as well as the country's macroeconomic conditions.

Scan the QR code and push it to your mobile phone

Keyword: China economy Fortune Global 500

Reading:

Spotlight: China-ASEAN trade continues to boom amid global growth slowdown, uncertainties

China Focus: Auto expo shows fierce competition in Chinese market

Economic Watch: China increases opening-up efforts in credit rating, bond market

Thai Ministry of Commerce urges manufacturers to secure China's booming second-tier cities market

China registers stable growth, remains global development engine, say experts

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial