Home>>Business
Last updated at: (Beijing Time) Monday, January 21, 2002

China's Top 100 Ranked in "Fortune"

China's top 100 listed companies were ranked by the newly-published American magazine "Fortune", a commentary article of which said China is still on the way to the market-oriented economy. China's top 100 companies are seldom present in international market and the situation is expected to change with China's accession into the WTO.


PRINT DISCUSSION CHINESE SEND TO FRIEND


Specialties of China's top 100

China's top 100 listed companies were ranked by the newly-published American magazine "Fortune", a commentary article of which said China is more open than ever, but it is still on the way to the market-oriented economy.

The article reads China's large companies are quite different from those of any other countries. First, China's top 100 companies are mainly state-owned. Second, majority of the top 100 companies belong to industrial sector like steel, oil and mining, while the heavy industry sector only accounts for 10 percent of the total number of the world top 500. Third, only as less as four companies dealing with retail business were listed in comparison with 51 in the world top 500. The total revenue of the said four companies including Shanghai No.1 Department Store only valued I percent of that of WalMart in the US. Moreover, the lowest annul revenue for the world top 500 is US$10.3 billion, but for China's top 100, only as less as US$ 366 million.

Access into international market expected

The article added China's top 100 companies are seldom present in international market. The situation is expected to change with China's accession into the WTO.

The article pointed out many companies like the National Power Company and China Construction Bank among the world top 500 weren't ranked in China's top 100 due to the fact that they haven't been listed.



by PD Online Staff Yang Ruoqian

Questions?Comments? Click here
    Advanced

12 Chinese Firms Rank Among Fortune's List of 500

Wu Yi Selected as an Influential Person by "Fortune"

 

Copyright by People's Daily Online, all rights reserved