5 Biggest Chinese State-owned Companies

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1. State Grid Corporation of China

Annual Revenue 2021: $460.6 billion

Established in 2002, SGCC is wholly owned by the China’s central state-owned Assets Supervision and Administration Commission (SASAC). It constructs and operates power grids as its core business, providing power to 1.1 billion people in 26 provinces, autonomous regions, and municipalities, covering 88% of Chinese territory. Its mission is to provide safer, cleaner and more economical, and sustainable power.

In addition, the company has invested in and operated backbone energy networks in nine different nations and regions, including Brazil, the Philippines, Portugal, Australia, Italy, Greece, Oman, Chile, and Hong Kong.

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