5 Chinese HVACR Companies on the 2016 FORBES Global 2000 List

May 25, 2016, 2016, FORBES Global 2000 List was released. Chinese banks held on to the top three spots in the FORBES Global 2000, a comprehensive annual ranking of the world’s largest public companies. Industrial and Commercial Bank of China (ICBC ), China Construction Bank and Agricultural Bank of China held onto their leading positions. 5 Chinese HVACR companies are on the 2016 FORBES Global 2000 List.

The 5 Chinese HVACR companies are: Midea Group (#402), Gree Electric Appliance (#685), Qingdao Haier (#956), TCL Corp (#1015), Jiangxi Copper (#1201). In addition to a rise of 34 places of Midea Group, the ranks of other 4 companies have declined in varying degrees.

U.S. and China-based companies dominate the Top 10, with only Japan’s Toyota Motor at tenth preventing a clean sweep. Overall, 586 U.S. companies make the list, to 249 for China (mainland and Hong Kong), 219 for Japan, 92 from the United Kingdom and 67 from South Korea.

The FORBES Global 2000 ranking is based on a composite score from equally-weighted measures of revenue, profits, assets and market value. The 2016 list features public companies from 63 countries that together account for $35 trillion in revenue, $2.4 trillion in profit, $162 trillion of assets, and have a combined market value of $44 trillion. All four metrics are down from the 2015 ranking, as slowing global growth, collapsing commodity prices and declines in equity markets in the U.S., China and elsewhere pressured businesses and knocked stocks. The Global 2000’s combined market cap fell 8% year-over-year.

5 Chinese HVACR Companies on the 2016 FORBES Global 2000 List: