Chinese firms No 2 on Forbes

The newly-released Fortune Global 500 list figures 95 Chinese companies, 89 of them state-owned, showing that the world’s fastest growing economy still has plenty of room for improvement.

The newly-released Fortune Global 500 list figures 95 Chinese companies, 89 of them state-owned, showing that the world’s fastest growing economy still has plenty of room for improvement.

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Despite the booming picture the list might indicate, not all firms on the Chinese mainland are exhibiting strong performance, assistant managing editor with Fortune China Zhou Zhanhong said. The number of Chinese companies on the list is second only to the US, which has 132 entries.

Six firms from Taiwan also made it to the list published by the Forbes magazine, which ranked the companies according to their revenue.