China's top 500 companies need to grow stronger

BEIJING, Sept. 3 (Xinhuanet) -- The 2012 China Top 500 Enterprises List was jointly published by the China Enterprise Confederation and the China Enterprise Directors Association on Saturday.

With 2.55 trillion yuan (about 402 billion U.S. dollars) revenue in 2011, Sinopec, China's major oil company, has topped the ranking of the best-earning Chinese enterprises for the eighth straight year.

Entrepreneurs and analysts say that China’s top 500 companies are only “big”, but not “strong” enough, and that they still have a long way to go to grow stronger and more powerful.

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