China Ascends to No. 2 on Fortune 500

0 Posted by - July 10, 2012 - Career & Business, Economics, Money

money china 300x225 China Ascends to No. 2 on Fortune 500Two years after eclipsing Japan as the world’s second-largest economy, China stole the number-two spot on the Fortune 500 list of the biggest global companies from its Asian rival.

In its annual revenue rankings, Fortune magazine said that China overtook Japan for the first time, landing 73 companies on the list compared with Japan’s 68 companies.

Anglo-Dutch energy giant Royal Dutch Shell retook the top spot, knocking off US retail titan Wal-Mart from a two-year reign with 2011 revenues of $484.5 billion, up 28.1 percent from 2010.

CONTINUED at Yahoo News.

No comments