This year's list of the Top 500 Chinese Enterprises has been unveiled. Sinopec Group once comes out on top.
The oil giant has taken the lead for ten years in row. this year with nearly $500 million in total revenues. China National Petroleum Corporation and State Grid followed closely behind, with revenues reaching 450 and 340 million US dollars respectively.
The top 500 companies have a combined revenue of nearly $10 trillion - a 13 percent hike from a year earlier. Analysts say this performance is to be applauded, given this year's financial environment. They attribute the steady growth to China’s economic reform policies.