China's top 500 firms outperform US rivals in 2008 | WHAT REALLY HAPPENED


China's top 500 firms outperform US rivals in 2008

China's top 500 companies outperformed their US counterparts for the first time last year, a survey conducted by a business group has revealed, as the financial crisis wreaked havoc in the United States.

Net profits at the nation's highest-performing firms totalled 171 billion dollars in 2008, compared to 99 billion dollars for the US firms, according to the survey by the China Enterprise Confederation (CEC).

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