Brace yourselves, business enthusiasts! China’s top 500 enterprises just smashed revenue records, hitting a whopping ¥110 trillion ($15.4 trillion) last year! 🚀💰
According to a fresh report released on Wednesday by the China Enterprise Confederation and the China Enterprise Directors Association, these corporate giants saw their combined revenues soar by 1.58% year-on-year, totaling ¥110.07 trillion in 2023. Talk about leveling up! 🎮📈
What’s more, the entry bar for making it into this elite list climbed higher, with the threshold rising to ¥47.38 billion—an increase of ¥383 million from the previous year. The stakes just got higher! 🏆
Zhu Hongren, executive vice-president of the China Enterprise Confederation, cheered on this massive growth, noting it marks a new step forward for China’s leading firms. He highlighted that these companies are zeroing in on innovation and high-quality development, setting the stage for future economic growth. 🔬✨
“Strategic emerging industries are the cool new kids on the block, powering the development of new quality productive forces in our country,” said Zhu. “The list shows significant progress and a substantial increase in both revenue and profits in these sectors, driven by major enterprises.” 🌱🌐
Oh, and did we mention? The release also featured specialized rankings for the Top 100 Strategic Emerging Industry Enterprises, Top 500 Service Enterprises, and Top 100 Multinational Companies. It's a good time to keep an eye on these market movers and shakers! 👀🌟
Reference(s):
China's top 500 firms hit record 110 trillion yuan in revenue
cgtn.com
