It can be seen in previous few months that trade tensions are getting escalated between China and US. Together, they are huge economic power.
For the first time since 2015, China and the U.S. split the top 10 evenly this year. China is home to 291 Global 2000 companies while the U.S. is on top with 560.
Our 16th annual Global 2000 list includes publicly-traded companies from 60 countries. Collectively, the companies on this list account for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value. All metrics are up double-digits year-over-year, with profits up an impressive 28%.
The Global 2000 ranking is based on a composite score from equally-weighted measures of revenue, profits, assets and market value.
For the sixth consecutive year, the Industrial and Commercial Bank of China and the China Construction Bank take the number one and two spots. Following closely behind is the United States’ JP Morgan Chase and Warren Buffett’s Berkshire Hathaway, which took third and fourth place respectively.
But the U.S. still dominates in terms of the amount of companies on the overall list, boasting almost 30% of the total. China and Hong Kong’s 291 companies are up from 262 in 2017. On the inaugural list in 2003, there were just 43 companies from China-Hong Kong. Meanwhile, Japan, the United Kingdom and South Korea also broke into the top five countries with the most companies.