110 of nation's firms on Fortune Global 500 list

A record 110 Chinese companies have squeezed onto the latest Fortune Global 500 list, 13 of which made their debut, including manufacturing powerhouse China Railway Rolling Stock Corp, e-commerce juggernaut JD.com, home appliance maker Midea and property developer Wanda.

Experts said that it is not surprising for more Chinese companies to be listed, because of the country's relentless efforts to upgrade manufacturing, boost innovation and drive consumption.

"We will see the continued rise of Chinese companies to capture that tremendous growth of the local economy," said Adam Xu, partner of Strategy&, which is PricewaterhouseCoopers' strategy consulting business.