More Chinese firms in Fortune 500

By Shi Jing In Shanghai | China Daily | Updated: 2015-07-24 07:58

China has now been home to the world's second-largest number of Fortune 500 companies for five consecutive years.

According to this year's Fortune 500 list, the number of shortlisted Chinese companies rose for the 12th year in a row to 106, with six more entering for the first time, including Shaanxi Coal & Chemical Industry Group Co Ltd, China Everbright Group Co Ltd and HNA Group.

The United States still has the largest number, 128, unchanged from last year, but the list's compilers estimate that China will overtake the US tally by 2020.

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