US Slips, China Soars in Fortune Company Rankings

The economic implosion's true impact on US companies has now become visible on Fortune 500's top world companies. Guess who is not at the top for the first time ever? You guessed it, the United States of America.

Or, is this just a true representation of what happens with our top-dog financial and automotive companies are closed and shut down?

The number of US companies featured in a emminent business magazine's annual list of the world's top 500 global companies fell to its lowest level ever, Fortune magazine has said, while more Chinese firms appeared than ever before.

Signaling the effects of the devastating financial crisis on the US economy, a non-US firm topped the list for the first time in over a decade, with Anglo-Dutch energy giant Royal Dutch Shell coming in first.

Overall, China had an unprecedented total of 37 companies featured on the list, with nine new entries and the others climbing in the rankings.

The business publication meanwhile said US-based Wal-Mart Stores slid from last year's top spot to third, with revenues of over 405 billion dollars.

But the number of US firms in the top 500 fell to 140, the lowest since Fortune began the list 1995.
www.breitbart.com...

According to the article itself, this is not the first time ever that the US is not at the top.

This is cool. Anything that dejects America's hopes of a turnaround is fine by moi.

Oh, and already discussed here. www.abovetopsecret.com...