It is only natural that the world’s number two in GDP should sooner rather than later take number two spot in Fortune 500.
See also: G2
Originally posted on China Daily Mail:
Two years after eclipsing Japan as the world’s second-largest economy, China on Monday 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.