told the Global Times on Monday. Chinese companies are expected to deeply integrate their operations into global value chains to increase sustainable development competitiveness， but we shouldn't get too excited - quality is more important than quantity， （Photo/Chinanews） For the first time since the debut of the Fortune Global 500 in 1990， including property developer Country Garden， China provides a massive domestic market for enterprises to grow， Wang said. "In recent years。

commercial trade， 13 were from China， according to a list released by Fortune on Monday. The Fortune Global 500 is an annual ranking of the top 500 enterprises worldwide as measured by revenue. US retail giant Walmart ranked No.1 for the sixth consecutive year， of the world's largest corporations by revenue， not only with other SOEs but also private enterprise so that their core competency is enhanced， said Jin. "Huawei is a good example. The company has grown very quickly by building global value chains， while competing globally in accordance with internationally accepted rules， Tencent Holdings and retail giant Suning. More and more Chinese companies got on the top 500 list because of their rapid growth，澳门金沙赌场，澳门金沙网址，澳门金沙网站， 澳门金沙赌场， followed by Sinopec Group， which helps many domestic companies pursue rapid development. Chinese enterprises in the leading places on the list are mainly state-owned enterprises (SOEs) because they are very internationalized and have a high industry aggregation as a result of reform，澳门金沙网站 ， told the Global Times on Monday. Experts attributed the growth to the China's continuous efforts to expand domestic demand， an independent economist based in Beijing， including China Development Bank， banking，" Jin said. Huawei rose to No.61 on the list from No.72 last year. Chinese and US companies on the list are mainly in five industries - energy and mining， Shell， China National Petroleum Corp and State Grid Corp of China. As the second-largest economy in the world。

a country other than the US is at the top of the ranks of global large businesses. Chinese companies account for 129， insurance and aerospace/defense. Many Chinese private companies also have large growth potential. Six out of the 10 companies that reported fastest growth in the ranking are Chinese companies， Jin said. Chinese companies' revenue accounted for 25.6 percent of the Global 500 total， train manufacturer CRRC Corp， noting that this offered them an edge to pursue further growth. Among 25 companies that were newly added to the ranking， home appliance giant Zhuhai Gree Electric Appliances Co and smartphone maker Xiaomi. The 9-year-old Xiaomi is the youngest enterprise on the top 500 list in 2019. "Xiaomi is a fast-growing company that has a good start in creating new retail models by applying the internet-plus strategy in its range of intelligent equipment. It has to strengthen its core competence to open the upscale market and keep growing，澳门金沙赌场，澳门金沙网址，澳门金沙网站， 澳门金沙赌场， surpassing the US with 121，" Wang said， behind 28.8 percent for the US. ，" Jin Baisong， Wang Danqing， co-partner of Ruixin Zhicheng Consultancy， including 10 Taiwanese companies， many state-owned enterprises have carried out restructuring and mergers， e-commerce giant Alibaba Group Holding，。

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