[Enlightened1]

For the first time ever, China has more companies on the Fortune 500 list than the U.S.- and also overtakes the US in the number of new companies worth at least US$1 billion.

In terms of profitability, Saudi Aramco overtook Apple as the most profitable company in the world.

[relee]

Yes, but only if you count Taiwan as part of China.

[ConservativeMind]

We built that!

[PGR88]

China should be its own subset of economic study in the West. These large state-run companies are basically profit-making operating arms of its government ministries. Its tough for many Americans to grasp such a concept.

Imagine HUD running a property development company in major American cities, or Treasury running an infrastructure investment fund, or FDA owning a drug-manufacturer.

Its AOC, Warren and Sanders’ wet dream. Its also why corruption is rampant in China and one of the reasons Xi Jinping is grasping for maximum power is his attempt to manage it.

[Cowboy Bob]

Yes, but how diverse are Chinese companies? That's what's really important! Who cares about income and profitability?

[SeekAndFind]

How many of these very big companies are subsidies by the government and have connections to the CCP ?

[reed13k]

Measured by Revenue from the article. So no word on how they ranked based on profit? And 80% are state owned?

[Deplorable American1776]

Taiwan is not part of China, you moronic liberal jerks!! Fortune is a other magazine that’s dying...

[humbleexpert]

The Chinese hold $1.23 trillion of our national debt. The more their economy rises, the more U.S. Treasury bonds they can buy. It’s not all bad that China’s wealth is growing.

[G Larry]

“Excluding Taiwan, 119 companies from mainland China and Hong Kong made it to the list, almost on par with the US."

Fake news...

[Arlis]

Of course - they are all subsidized by the government - like GM is/was here........