China has 120 companies on Fortune China's Top 500 list

Zhang Shuai China Plus Published: 2018-07-20 19:56:09
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A total of 120 Chinese companies have made it to the latest Fortune China list of "Top 500 Enterprises", with Sinopec, Petro China, and China State Construction Engineering Corp leading the country's rankings.

China is the country with the second-largest number of companies that made the list, second only to the United States, which has 126 companies listed. Japan takes a distant third place with 52 companies listed. 



Among the top five companies, three are from China. American supermarket chain Walmart has taken the top spot for the fifth year in a row. 

The company that has climbed the list faster than the others also hails from China. China Energy Investment now ranks 101, rising up the rankings by 175 places compared to last year. 

All of the real estate companies that made the list hail from China, including Evergrande Group, Greenland Group and Vanke. 

When it comes to Internet industry companies, took the 181st spot, well above the other well-known Chinese tech companies Alibaba (300), Tencent (331), and Suning (427).

America's auto industry was represented by General Motors and Ford, while China had seven auto makers listed. Of the seven Chinese manufacturers, Geely Auto was the only private auto maker. The company achieved a new sales record of over 1 million units for the first time last year.

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