How far is China's top 500 from world's top 500?

China's top 500 are greatly inferior to their world's counterparts in terms of scale, productivity, profit-making capacity, managing capacity and competitiveness, said CFE Chairman Chen Jinhua. "China's enterprises still have a long way to go in participating in global competition," he added.

According to CFE statistics, the gross business income, profits and assets of China's top 500 just account for 8.4 percent, 7.0 percent and 6.0 percent of the world's top 500 respectively.

The first eight companies of China's top 500 are corporations in the monopolized fields, for instance, petroleum, power and steel, but most of the world's top 500 companies belong to the competitive fields like the automotive industry, said Liu Jisheng, professor of Tsinghua University's economic management school.

Apart from that, the majority of the world's top 500 companies are privately run like Wal-Mart, but quite a proportion of China's leading enterprises are State-owned, said the professor.

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