A Change in Fortune: U.S. Firms Overtake China’s in Fortune Global 500 | Trustee China Hand | CSIS

Related article –

# [Fortune Favors the State-Owned: Three Years of Chinese Dominance on the Global 500 List](https://www.csis.org/blogs/trustee-china-hand/fortune-favors-state-owned-three-years-chinese-dominance-global-500-list)

Approximately 71% of Chinese companies on the Fortune Global 500 list are state-owned enterprises (SOEs), according to the article.

These SOEs also account for 78% of the total revenue and 84% of all assets from Chinese firms on the list.

No surprise that the SOE’s massively underperform their chinese private sector counterparts.