China's corporate giants are flexing their economic muscle like never before! 🏗️ The nation's top 500 enterprises smashed revenue records in 2023, hitting an eye-watering 110.07 trillion yuan ($15.4 trillion) – equivalent to building 550 Disney Worlds every single day. 🎢
According to the China Enterprise Confederation's latest report, this marks a 1.58% year-on-year growth despite global economic headwinds. The entry bar for making the elite list now stands at 47.38 billion yuan – imagine 1,000 trending TikTok startups rolled into one! 💡
What's powering this growth? 🔌 'Strategic industries like AI and green tech are becoming China's new economic engines,' says Zhu Hongren, a key analyst behind the report. Tech-forward sectors saw particularly juicy profit jumps, proving innovation pays dividends. 💰
While old-school manufacturing still leads, the rankings now spotlight 100 rising stars in future-proof sectors and service industry champions. Think less 'smokestacks,' more 'smart factories.' 🤖
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China's top 500 firms hit record 110 trillion yuan in revenue
cgtn.com