The number of companies on this list exceeded the number of U.S. companies in the Internet, engineering, automotive and real estate sectors. Huawei, Jingdong, Tencent, Alibaba and other Chinese companies have made significant progress in the rankings. For the first time in the list of names was born across the board, becoming the youngest of the world's top 500 companies this time. the number of the top 500 for the first time more than the United States? Let the editor of the gold investment for you to answer!
Chinese enterprises on the list of 119 from the mainland and Hong Kong, 10 from Taiwan Province of China, *** there are 82 state-owned enterprises on the list. The number of U.S.-based companies on the Fortune 500 is 121.
Compared with last year's list, there are 13 new Chinese companies on this year's list, accounting for more than 50 percent of the new and re-ranked companies (25).
The 13 Chinese companies that made the list for the first time are China Development Bank, China CNR Corporation, Qingshan Holding Group, Jinchuan Group, Gree Electric Appliances (Zhuhai) Co., Ltd, Anhui Conch Group, Huaxia Insurance Company, Tongling Nonferrous Metals Group, Shanxi Coke Group, American Group, Hailiang Group, China General Technology (Group) Holding Co.
With Zhuhai Gree Electric Appliances Co Ltd (#414) and American Group (#468) making the list for the first time. Founded nine years ago, Valley is the youngest company in the 2019 Fortune 500.
A side-by-side comparison shows that both Chinese and American companies are concentrated in five major industries: energy and mining, commerce and trade, banking, insurance, and aviation and defense. However, China has a large number of metal products, engineering and construction, automobiles, and real estate, and U.S. companies have very few or no presence in these industries. Meanwhile, there are large companies in the U.S. and the rest of the world in industries related to health, medicine, and living.
Also, there are seven Internet companies in the world on the list, and four in China:Jingdong (139th), Tencent (237th), Alibaba (182nd), and Valley.
From the point of view of earnings performance, this year's 500 companies total operating income of about 32.7 trillion U.S. dollars, an increase of 8% over last year.9%; total profit again recorded 2.15 trillion U.S. dollars, an increase of 14.5% over last year's net profit margin reached 6.6%, the net return on assets reached 12%.1%, more than last year.
The revenue of the companies on the list accounted for 25.6% of the total revenue of the 500 companies, slightly lower than the 28% of U.S. companies. The four Chinese companies that ranked in the top 10 in terms of profit remained the big four banks in engineering and construction agriculture.
Fortune commented that the business competition between the United States and China is not just metaphorical, but also involves national security and other life and death situations. The article helps former U.S. Treasury Secretary Henry Paulson's quote that the war is about whose economy will lead the technological future and set the standard for it. For example, communications giant Huawei has recently been targeted by the US to prevent it from being suppressed by China's 5G technology. Fortune believes that the US has escalated its blockade of Huawei in order to allow other countries to choose the future of 5G technology.