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A New Record! China Minmetals Ranks 92nd in the 2020 Fortune Global 500


2020-08-13
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On August 10, Beijing time, the list of the 2020 Fortune Global 500 was published. With USD 88.4 billion in revenue, China Minmetals was listed in the 2020 Fortune Global 500, ranking 92nd compared to 112nd of 2019 and setting a new all-time high again. China Minmetals has been listed in the Fortune Global 500 for 14 years in a row.

The threshold (the minimum sales revenue) of the 2020 Fortune Global 500 is USD 25.4 billion, higher than USD 24.8 billion of 2019.

It is noted that the number of the enterprises from the Chinese mainland (including Hong Kong) is 124, overtaking the United States (121) for the first time in the history. If adding the number of the enterprises in Taiwan, 133 enterprises in total are listed in the 2020 Fortune Global 500.

According to the Fortune, since the reform and opening up, the size of Chinese enterprises and the number of large-scale companies have been growing, a result of the ever-growing economy of China. In the history of the Fortune Global 500 since 1995, no other country or region in the list has seen such a rapid increase in the number of businesses.

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