Twenty Three (Or Fewer?) China Companies Make Fortune Global 500 -- An Update
About a month ago, I did a post on the Chinese companies that had made Fortune Magazine's Global 500 list. That post, entitled, "Twenty Three (Or Fewer?) China Companies Make Fortune Global 500," was based on Chinese newspaper articles reporting on the Fortune list. At the time of my post, I could not figure out exactly how many China companies had made the cut because it appeared that some of the Chinese newspapers were including Taiwan and Hong Kong companies in the list. Now that the Fortune Magazine article has gone online, I can clear up any residual confusion by stating that twenty (not twenty-three) China companies made the list, including, Hutchinson Wampoa, out of Hong Kong. As I had suspected, three of the companies on the China lists of some of the Chinese newspapers are actually based in Taiwan.
Of the 20 PRC companies, 15 are based in Beijing and two are based in Shanghai and Hong Kong, Guangzhou, and Changchun each have one.

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