China Corporation Association and China Entrepreneur Association recently publicized “China’s 500 Biggest Corporations”. Sinochem ranked the 12th in the list. It ranked the 9th among non-financial companies.
The top ten are: Sinopec, State Grid, Petrochina, ICBC, China Mobile, China Life, Southern Grid, CBC, China Telecom and Bank of China.
From 2002 to 2006, China’s 500 largest enterprises attained the annual growth of 23.36% in terms of turnover and 12.14% in terms of total assets to achieve 14.14 trillion RMB and 41.17 trillion RMB. The total sales revenue of China 500 accounts for 77.60% of the national GDP.