China Daily |
Updated: 2021-08-04 07:53
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People visit the State Grid Corporation of China booth during the 16th China International Industry Fair in Shanghai on Nov 4, 2014. [Photo/IC]
The number of Chinese companies on the Fortune 500 list released on Monday has increased to 135, that is, 11 more than last year. The country has the highest number of companies on the list for the second successive year.
Chinese companies account for 27 percent of the Fortune 500 list, which is a significant achievement at a time when major economies are in recession because of the COVID-19 pandemic.
The Fortune ranking means Chinese companies have gained in size and are recognized the world over, and China is a prosperous country with huge economic potential. The prosperity has much to do with China being the only major economy to largely contain the novel coronavirus pandemic within its borders and achieve positive growth last year.