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Beijing News Shell Finance reported on August 5 that Fortune Chinese website released the latest Fortune Global 500 list.

The list shows that this year, including companies in Taiwan, China has a total of 133 companies on the list, 9 fewer than last year. In contrast, the United States has a total of 139 companies on the list this year, 3 more than last year, and the number of large companies ranks first among all countries. This is the first time since 2018 that the number of Chinese companies on the list is less than that of the United States.

The number of companies from mainland China (including Hong Kong) on ​​the list is 128, seven fewer than last year. Japan ranks third in the number of companies on the list. The country has a total of 40 companies on the list, one less, continuing its downward trend. When the Fortune Global 500 debuted in 1990, Japan had as many as 149 companies on the list. Today, the United States, China and Japan together contribute about two-thirds of the companies, revenues and profits on the list.

This year, the total revenue of the 133 Chinese companies on the list in 2023 is about 11 trillion US dollars, which is about 6% lower than the total revenue of the 142 companies on the list last year; the average sales revenue is about 83 billion US dollars, which is lower than the average revenue of the US companies on the list of 99 billion US dollars, and slightly higher than the average of the 500 companies on the list; however, the operating profit is much lower than the average of US companies. The average profit of US companies is 8.8 billion US dollars, and the average of companies on the list in mainland China (including Hong Kong) is 3.9 billion US dollars, which is less than half of the US companies on the list, and it does not reach the average profit of the 500 companies on the list of 5.9 billion US dollars. The total profit of the 139 US companies is as high as 122.36 billion US dollars, accounting for 41% of the total profits of the Fortune Global 500.

Editor Jiang Fan

Proofread by Chen Diyan