World’s New Economic Superpower

New data, presented in Fortune’s 2020 Global 500 ranking of the world’s biggest corporations, reveals a landmark change in the U.S.-China rivalry. For the first time, there are more Global 500 companies based in mainland China, including Hong Kong, than in the U.S.—124 vs. 121. If you include Taiwan, the total for Greater China is 133.

For Fortune Magazine, August 2020 issue.