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's Fortune Global 500 companies rise to 143

August 03, 2021


Abstract : Chinese companies have thronged the 2021 Fortune Global 500 list amid steady economic fundamentals and healthy business growth in the country.

Photo taken on Sept. 9, 2020 shows the view of the skyscrapers of the Central Business District in Beijing, capital of China. (Xinhua/Chen Zhonghao)

BEIJING, Aug. 3 (Xinhua) -- Chinese companies have thronged the 2021 Fortune Global 500 list amid steady economic fundamentals and healthy business growth in the country.

A total of 143 Chinese companies made it to the Global 500 list this year, surpassing runner-up United States for the second consecutive year.

China had more Fortune Global 500 companies than the United States for the first time in 2020, with 133 firms on the list.

The State Grid Corporation of China (SGCC) moved up to the second spot this year, ranking only after U.S. retail giant Walmart.

China National Petroleum Corporation (CNPC), the country's largest oil and gas producer, and China Petroleum & Chemical Corporation (Sinopec Corp.), the country's largest oil refiner, grabbed the fourth and the fifth place, respectively.

The strong performance indicates that China has maintained a robust economic growth while businesses are growing healthily, noted Pan Helin, an expert in economics at Zhongnan University of Economics and Law.

This year, the newcomers include more private companies, as well as those operating in the internet, medicine and manufacturing industries. This demonstrates that the optimization of the economic structure is in a virtuous cycle, and the country's high-quality development has taken solid steps, Pan said.  Enditem

Scan the QR code and push it to your mobile phone

Keyword: Fortune Global 500

Reading:

Record FDI inflows underline China's weight in global economy: FT

Across China: East China community witnesses vibrant China-Indonesia exchanges

Xinhua Commentary: Misreading China's regulations risks missing high-quality development opportunities

165 overseas institutions to participate in 2021 CIFTIS

DBS China proposes investment strategy themes for second half of 2021

Most Read

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