SHANGHAI BAOSTEEL GROUP RANKS AMONG GLOBAL TOP 500
AsiaInfo Services, July, 2004
AsiaInfo Services 07-16-2004 Shanghai Baosteel Group Ranks among Global Top 500 SHANGHAI, Jul 16, 2004 (SinoCast via COMTEX) -- Shanghai Baosteel Group Corporation (Baosteel) has successfully ranked among the worldwide top 500 enterprises with the recently unveiling of Fortune magazine's Global 500, which, according to some industry observers, marks a significant milestone for China to stride forward into a steel and iron power, as well as has a positive bearing on Chinese enterprises' further integration into the world economy. Baosteel, ranked the 372nd, thus becomes China's first such enterprise in the manufacturing industry that enjoys this noteworthy fame, with a record sales last year of CNY 120.4 billion (about USD 14.548 billion), up 40 percent from a year...
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