A China National Petroleum oil refinery in the northwest Gansu province. The company is one of three state-owned enterprises that were ranked among the top five firms globally by the Fortune Global 500 list. Photo: Reuters

In a first, China has more companies on Fortune Global 500 list than the US

  • The number of US companies on the list has declined to 121 from 126 last year
  • The contribution of state-owned enterprises has risen to 80.2 per cent of Chinese companies on the list from 76.3 per cent last year
Topic |   PetroChina

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A China National Petroleum oil refinery in the northwest Gansu province. The company is one of three state-owned enterprises that were ranked among the top five firms globally by the Fortune Global 500 list. Photo: Reuters
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