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  • Beijing Review

    Big But Not Strong Enough

    Oct 01, 2020 4 minutes
    By Wang Jun
    Copyedited by Sudeshna Sarkar

    The top 500 private enterprises in China have all registered growth in 2019, with the city of Hangzhou in Zhejiang Province, east China, maintaining its reputation as home to the largest number—39—for 18 consecutive years. However, despite the growth in revenue, they face several challenges, with the novel coronavirus disease (COVID-19) this year being a new hurdle.

    These are among the key facts that emerged from the Top 500 Private Enterprises Summit 2020 held in Beijing on September 10, where the All-China Federation of Industry and Commerce released their annual list of the top

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