Nearly as much Chinese as American companies can be found on the Fortune 500 list

The Fortuna Global 500 list of the world’s top-selling companies has almost as many Chinese as American companies this year.

In the top five hundred, the number of Chinese companies increased from 111 to 119 in one year, while the number of American companies dropped from 126 to 121.

For two decades, the number of Chinese companies in the top five hundred has not even reached ten.

The narrow list of 150 companies includes 39 Chinese companies, 34 of them state-owned. (MTI)