China's top 500 enterprises have hit a historic milestone, achieving a record-breaking revenue of 110 trillion yuan ($15.4 trillion) in 2023. 📈 According to the latest industrial ranking report released by the China Enterprise Confederation and the China Enterprise Directors Association, this marks a year-on-year increase of 1.58 percent.
The entry threshold for this prestigious list rose significantly to 47.38 billion yuan, up by 383 million yuan from last year, highlighting the growing scale and performance of China's leading businesses.
Zhu Hongren, executive vice-president of the China Enterprise Confederation, emphasized that this growth underscores a strong focus on innovation and quality development among China’s largest corporations. \"Strategic emerging industries are crucial carriers for the development of new quality productive forces in our country. The list shows significant progress and a substantial increase in both revenue and profits in these sectors, driven by major enterprises,\" Zhu stated.
The report also unveiled specialized rankings, including the Top 100 Strategic Emerging Industry Enterprises, Top 500 Service Enterprises, and Top 100 Multinational Companies, showcasing the diverse strengths and future potential of these leading firms.
With this impressive performance, China's top enterprises are setting a robust precedent for future economic growth, driven by high-quality development and steady overall progress. 🌟
