In 2019, the Fortune 500 announced that the number of Chinese companies surpassed that of the United States for the first time, a historic moment. At the same time, 13 Chinese companies are among the top 500 companies in the world for the first time, with Gree (414th) and Xiaomi (468) both on the list for the first time. Shanghai nickel has soared recently, and two nickel giants, Aoshan Group (366) and Jinchuan Group (369), have also broken into the Fortune 500.
This year, China's big companies are on a par with the United States for the first time, but how to be strong has become more urgent. In terms of number, 129 of the world's 500 largest companies are from China, surpassing the United States (121) for the first time in history. Even excluding companies in Taiwan, there are 119 Chinese companies, including those in Hong Kong, on a par with those in the US. This is a historic change.
Among them, 13 Chinese companies are new to the list, accounting for more than half of the total. The 13 Chinese companies on the list for the first time are: China Development Bank, China Motor bus Group, Qingshan holding Group, Jinchuan Group, Zhuhai Gree Electric Appliance, Anhui Conch Group, Huaxia Insurance Company, Tongling Nonferrous Metals Group, Shanxi Coking Coal Group, Xiaomi Group, Hailang Group Co., Ltd., China General Technology (Group) holding Co., Ltd., Formosa Plastics Petrochemical Co., Ltd. Among them, Gree (414th) and Xiaomi (468), which were watched by the media and the public, were on the list for the first time. Xiaomi, which was founded nine years ago, is the youngest of the world's top 500 companies in 2019.
In the nonferrous industry, Minmetals ranked 112, ranking first in the metals category, down three places from last year, with revenue of $80.0764 billion. Zhengwei International Group ranked 119th, down eight places from last year, with revenue of $79.6631 billion.
Chinalco ranked 251, down 29 places from last year, with revenue of $45.3838 billion, while Shandong Weiqiao Entrepreneurship Group ranked 273th, down 88 places from last year, with revenue of $43.0084 billion.
Jiangxi Copper Group rose 12 places to 358th, with revenue of $34.87 billion. Tongling Nonferrous Group entered the top 500 for the first time, ranking 461st with $46.8467 billion in revenue.
The two largest groups of dark horses in the metal industry are Aoyama and Jinchuan, which are shortlisted for the top 500 for the first time and ranked close to each other. Aoyama Holdings Group directly broke into 361places, with revenue of $34.2422 billion. Jinchuan Group, which is also a giant in the nickel industry, is also on the list for the first time, with revenue of $33.3916 billion.
Among the steelmakers, China Baowu Iron and Steel Group (No. 149, up 13 places from last year) and Hegang Group ranked 241st, up 23 places from last year, with revenue of $50.9206 billion. Shagang ranked 340th, up 24 places from last year, with revenue of $36.4409 billion.
Anshan Iron and Steel Group rose 43 places to 385, with revenue of $32.6194 billion. Shougang Group also rose in the ranking, currently ranked 402nd, up 29 places from last year.
Emerging International China Group, formerly known as Xinxing cast Pipe Group, fell directly from 381st to 475th, with revenues of $26.2079 billion.
The following are the Fortune 500 companies and rankings in China:
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