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Chinese Companies in Global 500 2008
Jul 17, 2008 21:27
  • VIVIANWANG
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Can You Spell the Right Names of Global 500 in Chinese Language? 全球500强

Do you have business relationship with Chinese companies listing among FT Global 500 or Fortune 500?

This is the 12th edition of the FT’s annual snapshot of the world’s largest companies. Exxon Mobil maintains its ranking as the world’s most valuable company. PetroChina comes in at number two and pushes General Electric into third place.

中国石油 PetroChina
Zhōngguó Shíyóu
The year of 2008’s list shows oil almost overtaking banking as the most valuable sector in the rankings, with a net fall of 11 banks and five oil companies joining. Americans still dominate but the number of Chinese companies has increased most.

China’s presence has become more visible with its 25 companies(previously represented on the list; and most of those previously listed have ascended the ranks. The China Petrochemical Corporation (Sinopec) ascended to 37th from 53rd; and China Mobile climbed to 5th from 16th. While China Unicom elbowed its way into the FT500 list for the first time, and ranked 337.

Although banking businesses have been slipping in the ranks, Chinese banks have enhanced their representation. China Industrial and Commercial Bank (ICBC) moved from 9th to 6th; and became the highest ranking bank in the world. China Construction Bank (CBC) rose from 35th to 20th; and China Merchants Bank (CMB) climbed from 264th to 103rd. China Bank of Communications also moved from 166th to 105th. In addition, CITIC Bank, CITIC Securities, China Minsheng Bank and Shanghai Pudong Development Bank joined the Top 500 this year.

Can you spell Global 500 in Chinese Pinyin when you work with your Chinese partners? Let’s learn about the name in Pinyin with ChineseHour teachers.

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