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Year-ender: 10 noteworthy economic stories in 2022
chinaservicesinfo.com Updated: Dec 29, 2022
Chinese companies top Fortune Global 500 list
For the first time, Chinese companies have overtaken their US counterparts on the Fortune Global 500 list for 2022 in terms of total revenue.
The global list for 2022 showed 145 Chinese companies contributed 31 percent of the total revenue of the world's 500 largest corporations. And the 124 US companies in the list accounted for 30 percent.
For the fourth consecutive year, China topped the annual list in terms of the number of companies. The United States and Japan followed with 124 and 47 enterprises, respectively.
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