On August 10, 2020, the Fortune 500 rankings in the World Fortune 500 in 2020 were officially released.According to the list of list data, in 2019, the operating income of the world's top 500 enterprises reached US $ 3.33 trillion, a record high.At the same time, the number of companies in mainland China (including Hong Kong) reached 124, which was the first time in history that surpassed the United States (121).Coupled with Taiwan -regional companies, there are 133 companies on the list in China.

The author believes that studying more than two hundred and top 500 companies in China and the United States may decide to decide recently and de -globalized sound trends.

I. The number of top 500 companies in the number of Chinese and American worlds in the number of hundreds of Chinese and American countries accounted for a large proportion of GDP in each other countries. It can be seen from it who is more self -reliance and who rely on each other.

In 2020, the total operating income of Fortune 500 companies in the world reached US $ 3.394 trillion, a record high.The threshold for entering the rankings (minimum sales revenue) also increased from US $ 24.8 billion to 25.4 billion US dollars.The sum of the revenue of the top 500 enterprises in each country is as follows:

The United States is the first $ 980.63 trillion, accounting for 29.45%of the total global Fortune 500 companies,

China is the second of 829.49 trillion US dollars, accounting for 24.91%of the total global Fortune 500 companies,

Japan's third place is 312.41 trillion US dollars, accounting for 9.38%of the total 500 companies worldwide

Next is Germany, France, Britain, the Netherlands, Switzerland, South Korea, Canada.

The US GDP in 2019 was US $ 21.4 trillion, while China was $ 14.3 trillion.However, according to purchasing power parity calculations, China's GDP is slightly higher than the United States.

It can be calculated that the comprehensive revenue of the United States into the world's top 500 companies is 980.63 trillion US dollars, accounting for 45.8%of its US GDP US $ 2.14 trillion.That is, the US GDP, which is close to half of the rivers and mountains, was hit by the top 121 in the United States.

The comprehensive revenue of China's entry into the world's top 500 companies is 829.49 trillion US dollars, accounting for 58%of its total GDP of US $ 14.3 trillion.12.2%higher than 45.8%in the United States.

Therefore, it is very correct to analyze the economic characteristics of China's economic characteristics and see a total of more than 200 worlds in the United States.We must pay attention to and study the revenue and profit composition of Sino -US enterprises in Fortune 500 companies worldwide.Some data show that more than 100 % of China's listing companies have more than 80 % of their income from China, while more than 100 companies on the United States have income and profits from the United States.The results of the research results of the income profit of more than two hundred and top 500 companies in China and the United States and the proportion of foreign countries will directly see that companies in which countries in China and the United States need globalization. Which country in China and the United StatesIt does not require globalization.This will be possible to decide the trend of the voices of the rejuvenation and globalization recently.It is a very valuable thing to analyze the analysis of the earnings of the Top 500 Sino -US enterprises in the five years in five years.The results of this study will be able to guide China how to deal with the United States' competition against China, and it will be able to see where the US weakness is.

2. The growth rate of Chinese companies is significantly far faster than the United States.This reflects the great explosive power of China's reform and opening up to the growth of enterprises.

The number of Chinese companies on the list is now historic.The most striking changes in the rankings are undoubtedly a historic leap in the number of mainland Chinese companies on the list.This year, the number of companies in mainland China (including Hong Kong) reached 124, which has exceeded the United States (121) in history.Coupled with Taiwan -regional companies, there are 133 companies on the list in China.Liu Xingguo, a researcher at the Chinese Enterprise Federation, told reporters from the Economic Reference News that this is not only the historic achievements of Chinese enterprises' development and growth, but also the result of the continuous and rapid growth of the Chinese economy.

You know, the development of Chinese enterprises is only less than 40 years after reform and opening up. It has relying on the growth of domestic markets to grow more than most century -old companies.China's top 500 companies rely on China to grow up. The top 500 companies in the United States rely on the global market.

In 1995, when Fortune Magazine first released the World Fortune 500 rankings, the World Trade Organization was just established.Enterprises are the refraction of the overall strength of a country: In 1997, only 4 companies in mainland China entered the rankings; in 2001, China joined the WTO and 12 Chinese companies that entered the rankings of the year. In less than 20 years, China increased by 10 times; China increased by 10 times; China increased by 10 times;In comparison, China ’s GDP in 2001 was $ 1.3 trillion, and in 2019 was $ 14 trillion, which also increased by about 10 times, which was the same;

Since 2008, the number of Chinese companies has increased in the rankings in the rankings.First surpassing Germany, France and Britain, and then surpassing Japan.In this year's rankings, mainland Chinese companies surpassed the United States for the first time, ranking first in the number of companies on the list.

If compared with major private enterprises in China and major private enterprises in China, it is too limited from the perspective of income profit -making companies.It should also compare its development time.The Boeing Company is a global leader in the aerospace industry and one of the largest civilian and military aircraft manufacturers in the world. He was founded on July 15, 1916 and has more than 100 years.Halliburtoncompany is one of the largest suppliers in the world to provide products and services to the energy industry. It was established in 1919 and has been 100 years.Dupont is a global company based on scientific research. It was established in 1802 for more than 200 years.

It can be seen that comparison of the development duration of Sino -US companies in the world's top 500. Chinese companies can be regarded as emerging enterprises in American companies.Because almost only ten or three decades of development experience.

This comparison can see how much it is easier to give birth to a huge volume in China.At the same time, it is not just big, but also very rich in technological innovation.

Therefore, for some time, the development of Chinese enterprises will be greatly likely to get rid of American companies.Today's comparison is almost the same, not other problems, but only the development time is still short.

3. American companies' dependence on the international market is much greater than Chinese companies.Only 18%of the world's top 500 companies are from China outside China, which is about 30 percentage points lower than American companies to the United States.This huge gap shows that the United States needs the world more and more in China. Instead, China is the most self -reliance and no dependence on the international market.

Compared with the domestic market, the overseas business development of Chinese companies is still insufficient.Among the top 500 companies in China, only 18%of the income comes from China, that is, most of our income depends on the domestic market.This is far from the world's top 500 companies in other developed countries, and the average income of Fortune 500 companies in the world comes from the international market.The revenue of American companies comes from the average value of 44%higher than the international market.

But this income comes from the huge difference between the local and the international market. Instead, it can show that Chinese companies are more self -reliant. The American companies' dependence on the international market to the Chinese market is much greater than that of Chinese companies. This conclusion can play very well in the United States very well.Claring to the arrogance of globalization and decoupling.

The US GDP extreme dependence on multinational companies, wealth websites said: Starting from 124 in the top 500 worldwide (including Hong Kong), although their number exceeds US companies, the scale is small, accounting for only the total global Fortune 500 total revenue25%, while the United States is 30%.This shows that the United States relies on these large companies that enter the top 500 in the world.In addition, it can be seen from a data that the US GADP rely on large companies: Fortune Chinese Network (www.fortunechina.com)On May 18, 2020, Beijing time and English Network were released in the world with the Global Fortune US Fortune 500 rankings in 2020.The total revenue of all 500 companies on the list reached US $ 14.2 trillion, an increase of more than 3.5%from last year, which is equivalent to two -thirds of the US GDP.In other words, these five hundred American companies account for two -thirds of the US GDP.At the same time, the overall number of employees in the US Fortune 500 was 29.19 million.The US employment population is about 190 million.In other words, the total 500 total employees accounted for 15.4%of the total US employment of 190 million.

Fourth, China's total economic volume will not be too far away from 2-3 times that of the United States.In 1980, China's GDP accounted for only 1%of the world. The reform and opening up 40 years ago was not the accelerator of China's economic take -off, but the release device of China's economic growth.China should have been the world's largest economy.

As a characteristic of a global country, China is of course the economic strength of China.It is noticeable to recognize China's economic achievements. In 2015, China's GDP accounted for more than 15%of the total global volume, and it has now reached 16 ~ 17%.You know, China ’s GDP accounted for only 1%of the world’ s GDP in 1980.Professor of Cambridge University, a famous Sinologist Martin Yak in a speech in 2019, predicts that by 2030 or 2035, GDP will reach one -third of the global total. This ratio is also the proportion of China in 1820, soIn fact, this is traditional to follow.

Professor Jacques mentioned: China's economic strength may be extremely strong, far greater than any power in modern history.Tesla's boss Musk has recently predicted that China's economic aggregate will soon reach 2-3 times that of the United States, at least twice.China's population is huge, and some agencies predict that the size of China's middle class will exceed 800 million in 2030.You must know that this 800 million is more than twice the total population of the United States.Such a huge scale is a huge economic foundation that any country cannot ignore.

The decline of China since 1840, the root cause is not to pay attention to and despise technology and business.The current rise of China is actually the attention and rise of science and technology and business.China is far from the world's number one population, the profound culture, and the wisdom and diligence of the nation, which will combine the huge rises of technology and business, destined to return China to the world's largest economy.At present, our investment in science and technology has ranked second in the world, but we still have serious dependence on technology and equipment imports. Our technology patent import scale is 6 times the export scale.The number of students abroad is the world's number one, accounting for 17%of the world. However, these international students are highly concentrated in the United States, the United Kingdom and Australia. At the same time, the number of foreign immigrants to China is 0.2%of the world's less than the world.However, this in turn shows that China's 40 years of high -speed growth is completely created by the Chinese themselves, not like the United States has greatly used the immigration forces of outstanding elites around the world.On the contrary, if the United States has lost its former freedom and opening up, it will no longer attract immigrants from outstanding elites around the world, and the United States will also be greatly likely to go to the point where talents are scarce and innovation, unable to develop incompetence.

Therefore, if personnel flow reverses globalization, it will be beneficial to China.

In addition, China has become the world's largest product and service market. This will be the first market to launch new products. Chinese consumers will have a greater say in the industry.Based on this and other reasons, American companies are unlikely to leave China.Any company that wants to maintain global competitiveness cannot abandon a high -quality market with a population of 1.4 billion.In addition, few companies hope to remove China from its supply chain. It is also a wise move to see the status quo and long -term.

There is no statistical data of the top 100 companies in China in 2020. This article is based on the top 100 companies in the 2018 Fortune US Fortune 500 rankings.Its relations with the Chinese market can be seen: While China's opening up attracts foreign investment to develop the economy, the growing Chinese market with a stronger purchasing power provides a generous return for multinational companies including American companies.Among the Sino -US trade exchanges, American companies have achieved huge sales revenue in the Chinese market. Only Wal -Mart ($ 12.3 billion), Apple ($ 44.7 billion), Boeing ($ 11.9 billion), Cleaning ($ 5.3 billion), Intel (148)Nine companies of nine companies of nine companies were as high as US $ 110 billion in nine companies in Nine companies ($ 10.4 billion), Micron Technology (US $ 10.4 billion), Nvidia (US $ 1.9 billion), and Chaowei Semiconductor ($ 1.7 billion).In the context of multinational operations in China ’s revenue over the United States, in the background of multinational operations, the trade dependence relationship between China and the United States has increasingly improved.International institutions generally predict that China, with a population of nearly 1.4 billion, will soon become the world's largest consumer market.The US electronic components and component manufacturers represented by Intel, Qualcomm, and Micron Technology, etc. have a sales revenue of more than 40 billion US dollars per year from the Chinese market, which is 2.5 times that of its US local market revenue.Especially depending on the annual revenue composition of the American chip giant Qualcomm, from the first time the Chinese mainland market in FY2010 surpassed South Korea to become the largest source of revenue from Qualcomm, to the fourth year, it has accounted for Qualcomm's global revenue half -wall and continued to expand to 2017More than 60 % of the year.

5. The profit of Chinese companies is far lower than American companies, which is not a bad thing for the country.The low profit of Chinese companies reflects the balanced wealth distribution of China's wealth, and the high profits of American companies reflect U.S. wealth uneven.

In 2020, the sum of the world's top 500 companies was US $ 2061.317 billion, and the total profit of US companies was as high as 844.771 billion U.S. dollars, accounting for 40.98%. The profitability of American companies obviously exceeded the global level.The total profit of China's top 500 companies was 443.718 billion US dollars, accounting for 21.43%of the global Fortune 500, ranking second in the world.

Compared with the world's top 500, the operating conditions of Chinese companies also reach the average level of global companies.In 2019, the average sales revenue of the world's top 500 was US $ 66.6 billion, and the average sales revenue of Chinese companies on the list was US $ 66.9 billion; the average net assets of the world's 500 top 500 were 36.4 billion US dollars, and the average net assets of Chinese companies on the list were 36.44 billion US dollars.From the perspective of profitability, the situation where Chinese enterprises are large but not strong.The average profit of the world's top 500 is $ 4.1 billion, while the average profit of Chinese companies on the list is 3.56 billion U.S. dollars.

The level of profitability of Chinese enterprises is low compared with the United States. The big reason is that the employment social responsibility is stronger than that of the United States, which has better solved China's employment.In 2019, the average profit of 124 companies on the list of Chinese companies was less than 3.6 billion US dollars, about half of the US companies ($ 7 billion), and also lower than the average profit of $ 4.1 billion in 500 large companies in the world.Wealth pointed out that if considering the difference between the average number of employees in China and the United States, the above gaps will be further expanded.

However, it is clear that Chinese corporate income is equivalent to the United States, and its profits are far lower than American companies, which is not exactly a bad thing.The income of Chinese corporate income is the cost of Chinese corporate corporate. The cost of this enterprise is the income of employees, the income of the communication enterprise, and the tax to the country.There are many income from enterprises and a lot of national taxes, which is very favorable for China's balanced distribution of wealth.Therefore, Chinese companies should not fully pursue the maximum profit.The profit of American companies is maximized, because the personality of American companies and the maximum profit, instead greatly increases the wealth of American business owners.It's not a good thing.

Of course, we must also see the gap. The overall profitability of Chinese enterprises still has a certain gap compared with American companies. It is necessary to further enhance profitability, global competitiveness, and compliance competitiveness.However, the gap between China -US enterprises is more due to the short development time of Chinese enterprises, and the precipitation of technology and management needs to be increased. HoweverTake less detours and get better.

Author: Peng Shengyu

Petroleum central enterprise strategic researcher, researcher of the Chahar Society, and special researcher of the International Financial Forum (IFF) Research Institute