July 10th, Beijing Time -- According to foreign media reports, yesterday the American Fortune magazine released the ranking list of the top 500 global companies in 2008. Walmart ranked first again with an annual sales volume of 378.799 billion US dollars. Sinopec ranked No. 16. China Mobile ranked No. 148 with an annual sales volume of 47 billion US dollars. Lenovo entered the global top 500 for the first time.
The selection of the Financial Times World 500 has been held for twelve sessions so far and is an authoritative ranking of the most valuable enterprises around the globe that year. This year, Exxon Mobil of the United States still ranks first. PetroChina replaced General Electric and rose to second place for the first time. The Bank of China leapt to 103rd place in the world rankings, a huge climb from last year's 264th position. At the same time, the Bank of China officially ranked among the top eight Chinese enterprises in the world's top 500, and was fourth among banks.