China’s top 500 firms outperform US rivals in 2008: Survey
Beijing, September 07: China’s top 500 companies outperformed their US counterparts for the first time last year, a survey conducted by a business group has revealed, as the financial crisis wreaked havoc in the United States.
Net profits at the nation’s highest-performing firms totalled USD 171 billion in 2008, compared to USD 99 billion for the US firms, according to the survey by the China Enterprise Confederation (CEC).
The business group has compiled a list of China’s top 500 companies, similar to the Fortune 500, since 2002.