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          Fortune Global 500 2020 China's big breakthrough

          • Categories:NEWS
          • Author:
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          • Time of issue:2020-08-12 17:29
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          (Summary description)Fortune Global 500 2020 China's big breakthrough

          Fortune Global 500 2020 China's big breakthrough

          (Summary description)Fortune Global 500 2020 China's big breakthrough

          • Categories:NEWS
          • Author:
          • Origin:
          • Time of issue:2020-08-12 17:29
          • Views:
          Information

               

               According to the data of 《Fortune》 Global 500 list 2020, the operating income of the world's top 500 enterprises have reached 33.3 trillion US dollars in 2019,which is a new record . Among of them, the number of China mainland companies (including Hongkong) have reached 124, the first time China surpassed the United States (121), If Taiwan's 9 companies were combined with the 124 in China (and Hong Kong), then Greater China would have 133 companies.As an important factor for insight into the latest development trend of the world's largest enterprises, Fortune 500 rank has been highly concerned by all walks of life . The continuous increase of Chinese enterprises and the growth number of large companies is the best evidence of China's sustained and rapid economic growth.

              There are seven Internet companies in the world, with China occupying four. The seven Internet companies are Amazon, alphabet and Facebook in the United States, and Jingdong, Alibaba, Tencent and Xiaomi in China.

               This year is the 26th consecutive year that fortune magazine has released the world's top 500rank. Not only  the operating income of the top 500 enterprises get a record high, but the lowest sales revenue, as the threshold for the ranking, has also increased from US $24.8 billion to US $25.4 billion.

                However, many Chinese enterprises are national enterprises and central enterprises, and their profit level is lower than many of the American companies. At present, China has only made a major breakthrough in quantity. How can we improve profits and per capita profits? These are the problems that Chinese enterprises must face and solve.

           

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