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Top 10 news items for Chinese firms in 2012

(Global Times)

08:16, January 21, 2013

1. 145 entrepreneurs selected as Party delegates

145 entrepreneurs were selected as delegates to the 18th National Congress of the Communist Party of China (CPC) held in November. Entrepreneurs accounted for 52 percent of the newcomers to the country's most significant plenary meeting, where China's new central leadership line-up was unveiled.

2. China outnumbers Japan on Global 500 companies list

China had 79 companies listed on Fortune Magazine's annual ranking of the Global 500, surpassing 68 from Japan and second only to 132 from the US. China overtook Japan to become the world's second largest economy in 2010.

3. Top 500 Chinese companies see revenue threshold rise

The annual revenue threshold of China's top 500 companies was raised to 17.51 billion yuan ($2.82 billion) in 2012, an increase of 23.5 percent over a year earlier, according to a list established by the China Enterprise Confederation and the China Enterprise Directors Association.

4. Companies active in ecological efforts

The 18th National Congress of the CPC added the construction of an ecological civilization into the CPC constitution for the first time, an ideology that tries to balance development with the environment. Since then, organizations like Global Compact Network China have united many active companies to work together toward realizing the concept.

5. Companies partner in space project

The Shenzhou-9 manned spacecraft successfully conducted an automatic docking with the orbiting Tiangong-1 space station on June 18. A few Chinese companies, like China Aerospace Science and Technology Corporation, contributed their resources to the project.

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