The original lonelinessChina's market economy has just started, and the whole country has begun to glow with vitality and vitality. However, at this time, China's foundation was too thin, the overall situation of the domestic economy was poor, and the gap with the world powers was huge.
At that time, Japan was at its proudest time in history, and its total economic output reached a staggering 545 trillion! You know, the total economic volume of the United States at that time was only 764 trillion. In addition, due to the difference in population, Japan's per capita economic level is even higher than that of the United States.
At this time, the economic conditions of the United States and Japan are too good, and the number of the world's top 500 companies in their countries is also quite large, with 149 in Japan and 151 in the United States.
In 1995, although China was a big country in the world, it was very poor as a whole, with a total economic volume of only 730 billion US dollars, and there were only three of the world's top 500 companies.
What's even more sad is that these three companies are Bank of China, Sinochem, and COFCO, all of which are state-owned enterprises that start with the word "China", and none of them are technology companies.
In 1991, in the list of the world's top 500 companies, only one company in China, Bank of China, was on the list, how bleak it was.
It was not until 2000 that the situation improved, and the number of Fortune 500 companies owned by China has increased from 3 to 10. However, there is still a big gap between such achievements and the world's top powers.
In the new millennium, Japan has 107 Global 500 companies, and the United States has soared to 179! The companies of the United States and Japan still play an important role in the world, and the number of top 500 companies in the two countries still accounts for the vast majority of the world.
In the 90s, the United States was the world's premier superpower, attracting talents from all over the world, with a vast territory and advanced science and technology, and it was difficult for China to compare with it in a short period of time.
It is surprising that Japan has achieved such impressive results despite its lack of land and resources, let alone the world's talent pool.
Fortunately, China has developed in such a backward situation. China's huge market and huge population, when various factors are blended together, it will give birth to a large number of well-known enterprises.
In the 20 years from the 90s of the last century to the new millennium, China's economy has grown by leaps and bounds, and all walks of life have burst out with great vitality, and as a result, the annual growth of China's total economic output has reached an astonishing 10%!
After the new millennium, Japan's economic development momentum has slowed down, and after the economic crisis, Japan's economic aggregate has even regressed, reaching 49 trillion.
In 2019, China has completely replaced Japan and become the world's second largest economy, with a total economic output of 1554 trillion. At this time, Japan was not much different from the situation in 1995, with an economic aggregate of only 536 trillion.
Such a gratifying economic situation in our country has naturally given birth to many huge companies. In 2019, the number of Fortune 500 companies in China has reached 129! Not to mention Japan, even the number of the top 500 in the United States is not as good as ours!
Japan is not as glorious as it used to be, with only 52 of the top 500 companies, nearly two-thirds less than at its peak!
In 2022, the number of China's top 500 companies will increase again, reaching 145! Among them, there are 136 mainland enterprises and 9 Taiwan enterprises. Countries around the world also have to admit that China is the country with the most top 500 enterprises.
The United States still maintains extremely strong competitiveness, ranking second in the list, and the number of Fortune 500 companies has also reached 124, an increase of several from before; Japan is even more bleak, with a few fewer companies on the list, only 47 of the top 500 companies.
Fortunately, in this list, China's automobile company BYD is impressively listed. BYD, a car company that has been working in the field of new energy vehicles for many years, is no longer the miscellaneous brand it was back then, but the "head sheep" of the new energy automobile industry.
In 2022, BYD's sales of new energy vehicles have become the world's first! Moreover, new energy vehicles are the future development direction of automobiles, and BYD still has great development prospects.
In 2023, the number of Fortune 500 companies in various countries has not changed much, except for the United States, which has added more than a dozen companies, China and Japan have only single-digit fluctuations.
In the past 20 years, the number of China's top 500 companies has grown too much, and it has risen from a marginal country to become one of the protagonists of the world. Although the United States has declined slightly, it has always been far ahead of the rest of the world, showing great influence.
Only Japan is no longer brilliant, too many companies have withdrawn from the list, and the scene of the United States and Japan dominating the list has become the leader of China and the United States.
However, China's position on the list of the world's top 500 companies is only improved in quantity, but there is little development in quality, and the profitability of China's top 500 enterprises is far inferior to that of developed countries.
The evaluation criteria of the world's top 500 enterprises are mainly based on the scale of enterprise income and asset scale, as long as the scale of the enterprise is high and the income is high, even if it is a loss, it can also enter the list of the top 500, such as Evergrande, which is heavily indebted, is also a Fortune 500 company.
Therefore, the companies on the list in my country are not necessarily profitable. Among the more than 100 companies on the list, the most profitable is the Chinese bank.
The profits of a few banks alone account for half of the total profits of all China's top 500 enterprises, which shows that the profitability of China's large companies needs to be improved.
In 2022, the average profit of the world's top 500 companies will be 6.2 billion, while although there are as many as 145 Chinese enterprises, the average profit is only 4.1 billion.
Therefore, among the world's top 500 enterprises in China, banks are still the "most profitable" enterprises. In 2022, there will be 10 banks in China on the world's top 500, but the net profit of these banks will account for 41% of the profits of more than 100 Fortune 500 companies!
Although the number of companies on the list in the United States is slightly less than that of China, the average profit is as high as 10 billion, and such a huge gap is due to the fact that the number of high-tech enterprises in China is too small.
The rapid development of China's science and technology enterprises, but the technology accumulation is not deep enough, coupled with the international blockade at the beginning, the products of these science and technology companies are not top enough, and they are easy to be "stuck" in many key technologies, such as high-end chips and lithography machines.
Over the years, only a few companies in China, such as Huawei, have been able to gain a firm foothold in international competition and make a reputation. Therefore, there are too few high-level technology companies in China, which are not as deep as the accumulation in this area in the United States, such as Tesla, Apple, Google and other technology companies in the United States.
After these companies combine their areas of expertise and markets, they form profiteering industries. The top 500 foreign enterprises have also taken advantage of this to harvest the world's wealth, and in this regard, China's enterprises are not strong enough.
In 2023, the top 10 of the world's top 500 companies have been released, and Walmart, the world's most well-known e-commerce brand, is still at the top of the list, with revenue of more than $600 billion! China's e-commerce brands such as Alibaba, Pinduoduo, etc., still have a big gap with Wal-Mart.
China has three companies on the list, but these three companies are all about the national economy and people's livelihood of the power grid, PetroChina, Sinopec, not to mention technology companies, even private enterprises are difficult to see. Apple in the United States ranks eighth, with a revenue of nearly 400 billion, and domestic technology companies are out of reach.
Among the more than 100 top 500 enterprises on the list in China, the number of state-owned enterprises far exceeds that of private enterprises, but the profitability of state-owned enterprises is far from that of private enterprises.
Among the private enterprises on the list, those with greater Internet connections have stronger profitability, such as Alibaba, Tencent, ByteDance and other enterprises; In the fields of electronics, information engineering, and aerospace, the gap between China and developed countries is still not small.
Therefore, at present, China's top 500 enterprises have only developed well in terms of quantity, and they still need to improve in quality.
The number of Fortune 500 companies owned by each country can indicate the level of economic development of the country to a certain extent.
For example, in 1995, Japan was one of the countries with the best economy in the world, with a large number of large enterprises and good revenues.
In the 90s of the last century, China's development level was still relatively low, and there was no voice on the list of top 500 enterprises. However, after decades of development, China's enterprises are much better than before, from the previous silent backward country to the country with the most top 500 enterprises.
This is not only the result of China's enterprise efforts, but also the embodiment of China's various policies and people's efforts.
However, there are many large-scale enterprises, but the overall income level is not high, and there are too few well-known technology companies to occupy a dominant position in the international market.
Even if Japan declines, it still has the heritage of an old powerhouse, and its top 500 companies still have a good revenue capacity.
But this situation is only temporary, China's scientific and technological strength is constantly improving, and technology companies represented by Huawei are rapidly breaking through the problems of chips and electronics; China's automobile and ship industries are also at the forefront of the world in terms of new energy power.
In 30 years, China has completed the increase in quantity, the world market will be more open in the future, the number of talents in China is far greater than in the past, and it is not impossible for domestic companies to achieve quality transcendence.
As ordinary people, we only need to wait quietly and try to support these domestic brands in action, so that we can see the day when domestic companies overtake in the near future!
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