The Chinese mainland’s top 500 enterprises have soared to new heights, raking in a record-breaking 110 trillion yuan ($15.4 trillion) in revenue last year, according to a recent industrial ranking report released on Wednesday. 📈✨
Published jointly by the China Enterprise Confederation and the China Enterprise Directors Association, the annual report highlighted a steady 1.58% year-on-year increase in combined revenues, signaling robust growth in 2023. The entry threshold for this prestigious list climbed to 47.38 billion yuan, up by 383 million yuan from the previous year, making it even more exclusive.
Zhu Hongren, executive vice-president of the China Enterprise Confederation, emphasized that this achievement marks a significant step forward for China’s top firms. \"This year’s rankings reflect the deepening focus on innovation and quality development among our largest corporations, setting a robust precedent for future economic growth,\" Zhu commented.
The report also shed light on enhancements in development quality, with leading enterprises prioritizing high-quality growth while maintaining consistent overall performance. \"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 added.
In addition to the main rankings, the release included specialized lists for the Top 100 Strategic Emerging Industry Enterprises, Top 500 Service Enterprises, and Top 100 Multinational Companies, showcasing the diverse strengths of China’s corporate landscape. 🌟💼
