It’s China’s World | Fortune

[JSCh]

It’s China’s World
By Geoff Colvin
July 22, 2019

China has now reached parity with the U.S. on the 2019 Fortune Global 500—a signifier of the profound rivalries reshaping business today.

As the Chinese Century nears its third decade, Fortune’s Global 500 shows how profoundly the world’s balance of power is shifting. American companies account for 121 of the world’s largest corporations by revenue. Chinese companies account for 129 (including 10 Taiwanese companies). For the first time since the debut of the Global 500 in 1990, and arguably for the first time since World War II, a nation other than the U.S. is at the top of the ranks of global big business.


...

It’s China’s World | Fortune

 

[Beidou2020]

America having a lot of LOSSES lately

 

[Han Patriot]

People got to understand alot of US economic output is paper pushing wall Street gambling money printing sort of growth. They neglected their infrastructure and education for decades and went to war.

 

[Menthol]

China is not yet reaching full potential.

The GDP per capita is far below the USA and developed countries.

 

[Indos]

80 % of Chinese companies on Fortune 500 is state owned enterprises (SOE), It gives other countries with large SOE like Indonesia some kind of confident that if managed well they can be giant. Indonesia companies who are on Fortune 500 are also SOE.