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POWERCHINA achieves new record on Fortune Global 500 list

Updated: 2020-08-11

POWERCHINA ranked 157th on this year's Fortune Global 500 list – up four spots from last year and a new high for the company. The 2020 business rankings were released by Fortune magazine on Aug 10.

The list is published annually by the media company and is the most famous and authoritative list for ranking large global companies.

POWERCHINA achieves new record on Fortune Global 500 list

POWERCHINA ranks 157th on this year's Fortune Global 500 list, up four spots from last year. [Photo/POWERCHINA]

A total of 133 Chinese companies are on this year's Fortune Global 500 list, including those from Hong Kong and Taiwan.

Since its reorganization more than eight years ago, POWERCHINA has not only been a consistent presence on the prestigious business list but has also ranked higher each year. The increased recognition is a testament to the company's comprehensive strengths and development potential.

In 2019, POWERCHINA participated in the development of the Belt and Road Initiative and actively adjusted its business structure to access new markets, with a focus on improving quality and efficiency.

The company has formed a diversified market structure with water conservancy and power construction at its core, tackling the comprehensive development of smart cities, water environment governance, rail transit, municipal administration and housing construction.

As the world's largest power construction designer and contractor with the most complete industrial chain, POWERCHINA will continue to build itself into a world-class enterprise that is globally competitive and promote high-quality development.