chemchina moved up dramatically on the fortune 500 list compared with a year ago, by jumping 73 spots to 402nd with sales revenue amounting to us$ 27.7 billion (rmb 179.1 billion). (sales revenues of elkem and mai consolidated, which were acquired in 2011, could have accounted for the surge.)
in 2012, 79 chinese companies joined the list, among which 43 are central soes.
the fortune global 500 is considered an authoritative list of the world's largest corporations, compiled by fortune annually.