Since the introduction of economic reforms in 1978, the Chinese economy has become one of the world's fastest-growing major economies. As of 2016, it was the world's second-largest economy by nominal GDP and largest by purchasing power parity (PPP). China was also the world's largest exporter and second-largest importer of goods.[1] China is a member of numerous formal and informal multilateral organizations, including the WTO, APEC, BRICS, the Shanghai Cooperation Organisation (SCO), the BCIM, and the G-20.

Location of China

A company incorporated in any of China's special administrative regions is not considered to be incorporated in China. See the corresponding list for companies incorporated in China's special administrative regions. For further information on the types of business entities in this country and their abbreviations, see business entities in China.

Largest firms

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This list shows firms in the Fortune Global 500, which ranks firms by total revenues reported before 31 March 2023.[2] Only the top five firms (if available) are included as a sample.

Rank Name 2023 Revenues (USD $M) Employees Notes
3 State Grid Corporation of China $530,008.8 870,287 Massive national infrastructure monopoly for electricity, the firm is by far the largest utility in the world. The entity maintained the #3 position in 2023, just behind Walmart and Saudi Aramco.
5 China National Petroleum Corporation $483,019.2 1,087,049 China's primary state oil & gas entity. CNPC was overtaken by Amazon and slipped from #4 to #5 in 2023.
6 Sinopec Group $471,154.2 527,487 China's second-largest state-owned fossil fuel company. Sinopec specialises in refining crude oil into a variety of consumer products.
13 China State Construction Engineering $305,884.5 382,492 Largest construction firm in the world, The company furthers China's "Belt and Road" initiative, a strategic push by the Chinese government to extend the country's international influence by funding infrastructure projects abroad.
28 Industrial and Commercial Bank of China $214,766.3 427,587 A state-run entity that is the largest commercial bank in the world by revenue, with assets valued at more than $5.7 trillion. ICBC has moved aggressively into international markets.

Notable firms

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This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Notable companies
Status: P=Private, S=State; A=Active, D=Defunct
Name Industry Sector Headquarters Founded Notes Status
   
361 Degrees Consumer goods Clothing & accessories Jinjiang 2003 Sporting goods P A
Agricultural Bank of China Financials Banks Beijing 1951 Bank S A
Aigo Consumer goods Consumer electronics Beijing 1993 Consumer electronics P A
Air China Consumer services Airlines Beijing 1988 Flag-carrier airline S A
Alibaba Group Technology Internet Hangzhou 1999 Online holdings P A
Aluminum Corporation of China Limited Basic materials Aluminum Beijing 2001 Aluminum S A
Amoi Industrials Electronic equipment Xiamen 1997 Electronics manufacturing P A
Anta Sports Consumer goods Clothing & accessories Jinjiang 1994 Sportswear P A
Baidu Technology Internet Beijing 2000 Web services P A
Bank of China Financials Banks Beijing 1912 State-owned bank S A
Bank of Communications Financials Banks Shanghai 1908 Bank S A
China Baowu Steel Group Basic materials Iron & steel Shanghai 1978 Steel S A
BBK Electronics Consumer goods Consumer Electronics Dongguang 1998 Smartphones P A
Bosideng Consumer goods Clothing & accessories Shanghai 1975 Apparel P A
Brilliance Auto Consumer goods Automobiles Shenyang 1991 Automobiles P A
BYD Auto Consumer goods Automobiles Xi'an 2003 Automobile, bus, etc. P A
Changan Automobile Consumer goods Automobiles Chongqing 1962 State-owned automotive S A
Changhe Consumer goods Automobiles Jingdezhen 1970 Automobiles S A
Changhong Consumer goods Durable household products Mianyang 1958 Appliances P A
Changhong Technology Basic materials Commodity chemicals Shenzhen 1987 Plastic P A
Cheers Wines Consumer Goods Wines Beijing 2011 Wines P A
ChemChina Basic materials Speciality chemicals Beijing 1984 Chemicals S A
Chery Automobile Consumer goods Automobiles Wuhu 1997 Automobiles S A
Chicecream Consumer staples Food producers Shanghai 2018 Ice cream P A
China Clean Energy Basic materials Specialty chemicals Fuqing 1995 Specialty chemicals, Energy P A
China Communications Construction Industrials Heavy construction Beijing 2005 Construction S A
China Construction Bank Financials Banks Beijing 1954 Bank S A
China COSCO Shipping Industrials Marine transportation Shanghai 2016 Formed from COSCO and China Shipping Group S A
China Dongxiang Consumer goods Clothing & accessories Beijing 2007 Sportswear P A
China Eastern Airlines Consumer services Airlines Shanghai 1988 Airline S A
China Electronics Corporation Consumer goods Consumer electronics Shenzhen 1989 Computer software S A
China Housing and Land Development Financials Banks Xi'an 1992 Real estate P A
China International Marine Containers Industrials Marine transportation Shenzhen 1980 Shipping, logistics S A
China Life Insurance Company Financials Life insurance Beijing 1949 Life insurance S A
China Medical Technologies Health care Medical technology Beijing 2004 Medical devices P D
China Merchants Bank Financials Banks Shenzhen 1987 Bank S A
China Merchants Energy Shipping Industrials Marine transportation Shanghai 2004 Shipping line S A
China Metal Recycling Industrials Waste & disposal services Guangzhou 2000 Recycling P A
China Minmetals Basic materials Metals & minerals Beijing 1950 Trading S A
China Mobile Telecommunications Mobile telecommunications Beijing 1997 State-owned mobile S A
China National Building Material Industrials Building materials Beijing 1984 Construction S A
China National Erzhong Group Industrials Diversified industrials Deyang 1958[3] Forge and metal working S A
China National Nuclear Corporation Energy Nuclear power Beijing 1955 Nuclear technology S A
China National Offshore Oil Corporation Oil & gas Exploration & production Beijing 1982 Oil company S A
China National Petroleum Corporation Oil & gas Exploration & production Beijing 1988 State-owned oil & gas S A
China Nepstar Health care Pharmaceuticals Shenzhen 1995 Pharmacy chain P A
China Netcom Technology Internet Beijing 1999 Internet, defunct 2008 P D
China Pabst Blue Ribbon Consumer goods Brewers Zhaoqing 1988 Brewery P A
China Poly Group Conglomerate Fine arts Beijing 1999 auctions S A
China Post Industrials Delivery services Beijing 1997 Postal service, shipping S A
China Railway Industrials Rail transport Beijing 2013 Passenger rail S A
China Resources Consumer goods Conglomerate Shenzhen 1938 - S A
China Shipping Group Industrials Marine transportation Beijing 1997 Merged into China COSCO Shipping P D
China Southern Airlines Consumer services Airlines Guangzhou 1988 Airline P A
China State Construction Engineering Industrials Heavy construction Beijing 1957 State construction and contracting S A
China Telecom Telecommunications Fixed line telecommunications Beijing 2000 State-owned communications S A
China Three Gorges Corporation Utilities Alternative electricity Beijing 1993 Principal for the Three Gorges Dam S A
China Tobacco Consumer goods Tobacco Beijing 1982 Tobacco S A
China Unicom Telecommunications Mobile telecommunications Beijing 1994 State-owned mobile network S A
China Universal Financials Investment services Shanghai 2005 Investment management P A
China Wu Yi Industrials Heavy construction Fuzhou 1994 Construction P A
China Zhongwang Basic materials Aluminum Liaoyang 1993 Aluminum P A
Chunlan Group Industrials Electronic equipment Taizhou 1985 Air conditioners, engines P A
CITIC Group Financials Investment services Beijing 1979 Investment management P A
CNHLS Consumer services Restaurants & bars Fuzhou 1994 Fast food chain P A
COFCO Group Consumer goods Food processing Beijing 1949 Food S A
Comac Industrials Aerospace Shanghai 2008 Aircraft S A
Commercial Press Consumer services Publishing Beijing 1897 Publishing P A
COSCO Industrials Marine transportation Beijing 1961 Shipping line, now China COSCO Shipping P D
CRRC Industrials Railroads Beijing 2015 Railway transport S A
CSG Holding Industrials Glass Shenzhen 1984 Glass P A
Dalian Hi-Think Computer (DHC) Industrials Business support services Dalian 1996 Outsourcing P A
Dashang Group Consumer services Broadline retailers Dalian 1995 Department stores P A
Dayun Group Industrials Automobiles Yuncheng 1987 Engines, trucks, motorcycles, etc. P A
Dicos Consumer services Restaurants & bars Chengdu 1994 Fast food P A
Dongfeng Motor Corporation Consumer goods Automobiles Wuhan 1969 State-owned automotive S A
Duoyuan Global Water Industrials Industrial machinery Beijing 1992 Equipment for water systems P D
DXY.cn Technology Internet Zhenjiang 2000 Online community P A
Eisoo Technology Internet Shanghai 2006 cloud computing P A
Eno Consumer goods Clothing & accessories Shanghai 2006 Apparel P A
ERKE Consumer goods Clothing & accessories Quanzhou 2000 Sportwear P A
FAW Group Consumer goods Automobiles Changchun 1953 State-owned automotive S A
Feicheng Acid Chemicals Basic materials Specialty chemicals Feicheng 1994 Chemicals P A
Feiyue Consumer goods Footwear Shanghai 1920 Shoes P A
Foshan Haitian Consumer goods Food products Foshan 1955 Food P A
Founder Group Technology Computer services Beijing 1986 Information technology, part of Peking University P A
Fushi Copperweld Industrials Electronic equipment Beijing 1915 Electrical conductors P A
GAC Group Consumer goods Automobiles Guangzhou 1997 State-owned automotive S A
Geely Consumer goods Automobiles Hangzhou 1986 Automobiles P A
Gome Consumer services Specialty retailers Beijing 1987 Appliance retailer P A
GMY Lighting Technology Lights and lighting technolgoy Technology Heshan, Guangdong 1998 Specialty lighting components P A
Great Leap Brewing Consumer goods Brewers Beijing 2010 Microbrewery P A
Gree Electric Consumer goods Durable household products Zhuhai 1989 Appliances P A
GreenTree Inns Consumer services Hotels Shanghai 2004 Hotel chain P A
Gushan Environmental Energy Oil & gas Exploration & production Fuzhou 2001 Energy P A
Hafei Industrials Electronic equipment Harbin 1950 Engines, trucks P A
Haier Consumer goods Durable household products Qingdao 1984 Consumer electronics, home appliances P A
Hainan Airlines Consumer services Airlines Haikou 1993 Airline P A
Hangzhou Wahaha Group Consumer goods Soft drinks Hangzhou 1987 Beverages P A
Harbin Brewery Consumer goods Brewers Harbin 1900 Brewery P A
Harbin Pharmaceutical Group Health care Pharmaceuticals Shanghai 1988 Pharmaceuticals S A
Hasee Consumer goods Consumer electronics Shenzhen 1995 Computers, tablets, mobile phones P A
Hefei Meiling Consumer goods Durable household products Hefei 1992 Appliances P A
Hengan Basic materials Paper Jinjiang 1985 Paper P A
Hisense Consumer goods Consumer electronics Qingdao 1969 Consumer electronics, home appliances, mobile phones P A
HiSilicon Technology Semiconductors Shenzhen 2004 Semiconductors, part of Huawei P A
Huawei Consumer goods Consumer electronics, Telecommunications equipment Shenzhen 1987 Computers, mobile phones, tablets, telecommunication equipment P A
Huayi Brothers Media Corporation Consumer services Broadcasting & entertainment Beijing 1994 Media P A
Huiyuan Juice Consumer goods Soft drinks Beijing 1992 Privately owned juice and beverage P A
Hytera Industrials Electronic equipment Shenzhen 1993 Radios and telecommunications P A
Industrial and Commercial Bank of China Financials Banks Beijing 1984 Commercial bank S A
Inspur Technology Computer services Jinan 2000 IT P A
JDB Group Consumer goods Soft drinks Dongguan 1995 Beverage P A
Jiangling Motors Consumer goods Automobiles Nanchang 1952 Automotive P A
Jiangsu Hengrui Health care Pharmaceuticals Lianyungang 1997 Pharmaceuticals P A
Jianlibao Group Consumer goods Soft drinks Foshan 1984 Soft drink P A
Jiuguang Department Store Consumer services Broadline retailers Shanghai 2004 Retail P A
Joyoung Consumer goods Durable household products Jinan 1994 Home appliances P A
JXD Industrials Electronic equipment Shenzhen 1995 Consumer electronics and games P A
Kingsoft Technology Software Beijing 1989 Software P A
Kingway Brewery Consumer goods Brewers Shenzhen 1990 State-owned brewery S A
Lenovo Consumer goods Consumer electronics Hong Kong 1984 Computers, tablets, mobile phones P A
Li-Ning Consumer goods Footwear Beijing 1990 Sporting goods P A
Little Sheep Group Consumer services Restaurants & bars Baotou 1999 Restaurants, condiments P A
LiuGong Industrials Industrial machinery Liuzhou 1993 Machinery P A
Loncin Holdings Consumer goods Automobiles Chongqing 1983[4] Motorcycles P A
Lonking Industrials Commercial vehicles & trucks Longyan 1993 Construction machinery P A
Mailman Group Technology Internet Shanghai 1999 Technology and social media agency P A
Maoye International Consumer services Broadline retailers Shenzhen 1996 Department stores P A
Meizu Consumer goods Telecommunications equipment Zhuhai 2003 Mobile phones P A
Mengniu Dairy Consumer goods Food products Hohhot 1995 Dairy products, ice cream P A
Meters/bonwe Consumer goods Clothing & accessories Shanghai 1995 Apparel P A
Midea Group Consumer goods Durable household products Beijiao 1968 Appliances P A
Mingyang Wind Power Utilities Alternative electricity Zhongshan 2006 Wind power P A
Miniso Consumer services Broadline retailers Guangzhou 2011 Low-cost variety stores P A
Mr. Lee Consumer services Restaurants & bars Beijing 1988 Fast food P A
Nanjing Automobile Consumer goods Automobiles Nanjing 1947 State-owned automotive S A
Neusoft Technology Software Shenyang 1991 Software P A
Ningbo Bird Telecommunications Mobile telecommunications Fenghua District 1992 Mobile phones P A
Opple Lighting Industrials Building materials & fixtures Zhongshan 1996 Lighting P A
Panda Electronics Consumer goods Consumer electronics Nanjing 1936 Consumer electronics P A
Peak Sport Products Consumer goods Clothing & accessories Quanzhou 1989 Sportswear P A
Pearl River Piano Group Consumer goods Recreational products Guangzhou 1956 Pianos P A
People's Insurance Company of China Financials Full line insurance Beijing 1949 Insurance S A
Ping An Bank Financials Banks Shenzhen 1995 Bank, part of Ping An Insurance P A
Ping An Insurance Financials Full line insurance Shenzhen 1988 Insurance P A
Qihoo 360 Technology Software Beijing 2005 Software P A
Qinghai Huading Industrial Industrials Industrial machinery Xining 1998 Mechanical products P A
SAIC-GM Consumer goods Automobiles Shanghai 1997 Joint venture with General Motors (US) and SAIC Motor P A
SAIC Motor Consumer goods Automobiles Shanghai 2011 Automobiles P A
Sany Industrials Industrial machinery Changsha 1989 Machinery P A
SDLG Industrials Industrial machinery Linyi 1972 Machinery, joint with Volvo Construction Equipment (Sweden) P A
Septwolves Consumer goods Clothing Jinjiang 1990 Clothing P A
SF Express Industrials Delivery services Shenzhen 1993 Logistics P A
Shaanxi Automobile Group Industrials Commercial vehicles & trucks Xi'an 1968 Trucks, buses P A
Shaanxi Yanchang Petroleum Oil & gas Exploration & production Xi'an 1905 State-owned oil & gas S A
Shanghai Film Group Corporation Consumer services Broadcasting & entertainment Shanghai 2001 Film production P A
Shanghai Pharmaceuticals Health care Pharmaceuticals Shanghai 1994 Pharmaceuticals P A
Shanghai Pudong Development Bank Financials Banks Shanghai 1993 Commercial bank P A
AVIC Industrials Aerospace and defense Beijing 1951 Aircraft S A
Shenzhen Airlines Consumer services Airlines Shenzhen 1992 Airline P A
Shenzhen Energy Utilities Conventional electricity Shenzhen 1993 Power generation P A
Shenzhen Media Group Consumer services Broadcasting & entertainment Shenzhen 2004 Television and radio P A
Shinho Consumer goods Food products Yantai 1992 Food P A
Shougang Basic materials Iron & steel Beijing 1919 Steel P A
Shui On Land Financials Real estate holding & development Shanghai 2004 Real estate P A
Sichuan Airlines Consumer services Airlines Chengdu 1986 Airline P A
Simcere Pharmaceutical Health care Pharmaceuticals Nanjing 1995[5] Generic drug manufacturer P A
Sinoenergy Oil & gas Exploration & production Qingdao 2004 Natural gas P A
Sinopec Oil & gas Exploration & production Beijing 2000 Oil company P A
Sinopharm Group Health care Pharmaceuticals Shanghai 1998 Pharmaceuticals, traditional medicine P A
Sinosteel Basic materials Iron & steel Beijing 1993 Iron, steel S A
Sinovac Biotech Health care Pharmaceuticals Beijing 1999 Research, development, manufacture and commercialization of vaccines P A
Skyworth Consumer goods Consumer electronics Shenzhen 1988 Consumer electronics P A
SmithStreetSolutions Industrials Business support services Shanghai 2007 Consulting P A
State Grid Corporation of China Utilities Conventional electricity Beijing 2002 Former State Power, national electric company S A
Suning Commerce Group Consumer services Broadline retailers Nanjing 1990 Retail P A
Suntech Power Industrials Electronic equipment Wuxi 2001 Photovoltaics (solar cell) manufacturer P A
Suzhou Synta Optical Technology Consumer goods Recreational products Suzhou 1988 Telescopes, optics, part of Synta Technology Corporation of Taiwan P A
TCL Technology Consumer goods Consumer electronics Huizhou 1981 Consumer electronics P A
Telesail Technology Telecommunications Fixed line telecommunications Beijing 2005 Telecom equipment, services P A
Tencent Conglomerates Internet services, software, entertainment, artificial intelligence, technology Shenzhen 1998 Internet, software, mobile phones, online advertising, online gaming P A
Tianan Insurance Financials Full line insurance Shanghai[6] 1994 Insurance P A
Tianjin FAW Consumer goods Automobiles Tianjin 1965 Automobiles P A
Tongrentang Health care Pharmaceuticals Beijing 1669 Pharmaceuticals, traditional medicine P A
Topray Solar Utilities Alternative electricity Shenzhen 1999 Solar energy P A
TP-Link Technology Telecommunications equipment Shenzhen 1996 Computer networking devices P A
Trands Consumer goods Clothing & accessories Dalian 1995 Menswear P A
Tsingtao Brewery Consumer goods Brewers Qingdao 1903 Brewery P A
UnionPay Financials Consumer services Shanghai 2002 Financial services P A
Vanke Financials Real estate holding & development Shenzhen 1984 Real estate P A
Vinda International Basic materials Paper Xinhui District 1985 Paper, part of Essity P A
Vsun Technology Telecommunications equipment Shenzhen 2011 Mobile phones P A
Wanda Group Conglomerates - Beijing 1988 Property developer, real estate, hospitality, retail, tourism, culture P A
Wumart Consumer goods Food retailers & wholesalers Beijing 1994 Food retailer P A
WuXi PharmaTech Health care Pharmaceuticals Shanghai 2000 Laboratory and manufacturing services P A
XCMG Industrials Industrial machinery Xuzhou 1989 Machinery P A
Xiaomi Technology Consumer electronics Beijing 2010 Mobile phones P A
Xtep Consumer goods Clothing & accessories Quanzhou 2001 Sporting goods P A
YaqinAudio Consumer goods Consumer electronics Foshan Audio equipment P A
Yili Group Consumer goods Food products Hohhot 1993 Dairy and ice-cream P A
Yonyou Technology Software Beijing 1988 Software P A
Yutong Group Industrials Commercial vehicles & trucks Zhengzhou 1963 Bus manufacturing P A
Zhongjin Gold Basic materials Gold mining Beijing 2000[7] Gold mining P A
Zhongjin Lingnan Basic materials Nonferrous metals Shenzhen 1984 Metal P A
Zhujiang Beer Consumer goods Brewers Guangzhou 1985 Brewery S A
Zoomlion Industrials Industrial machinery Changsha 1992 Heavy machinery P A
ZTE Technology Telecommunications equipment Shenzhen 1985 Telecom equipment P A
ZX Auto Consumer goods Automobiles Baoding 1999 Automobiles P A


See also

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References

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  1. ^ White, Garry (10 February 2013). "China trade now bigger than US". The Daily Telegraph. London. Retrieved 15 February 2013.
  2. ^ "Fortune Global 500 – The largest companies in the world by revenue". Fortune. Retrieved 19 January 2024.
  3. ^ "China National Erzhong Group Co., Ltd.: Private Company Information". Bloomberg. Retrieved 25 November 2017.
  4. ^ "Company History". loncin. 18 August 2014. Retrieved 25 November 2017.
  5. ^ "Simcere Pharmaceutical Group.: Private Company Information". Bloomberg. Retrieved 25 November 2017.
  6. ^ "Tianan Property Insurance Co., Ltd.: Private Company Information". Bloomberg. Retrieved 25 November 2017.
  7. ^ "Zhongjin Gold on the Forbes Global 2000 List". Forbes.com. Retrieved 25 November 2017.