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Top 10 Largest Chinese Enterprises All State Owned

Lianhe Zaobao reported that, in a recently published list of the 500 largest Chinese enterprises, state-owned enterprises occupied all of the top 10 positions. With 1.39 trillion Yuan ($207 billion dollars) in revenue, China Petroleum & Chemical Corporation continued to hold the top position for the sixth year in a row. State owned companies dwarfed their privately owned counterparts. Among the 60 largest companies with over 100 billion Yuan ($15 billion dollar) in revenue, only five were privately-held, while all others were state-owned.

Source: Lianhe Zaobao, September 5, 2010