Seven GZ-based Companies Ranked in China's Top 500

Source: Lifeofguangzhou.com

Seven local enterprises in Guangzhou, covering industries such as automobile manufacturing, electronics, medications and so on, made it onto the recently-released 2008 Top 500 Chinese Enterprises List. Emphasizing the principle of "Made in Guangzhou", these enterprises have consistently synthesized research and innovation.

Traditional industries will not be developed in older city districts, according to a member of the Guangzhou Economic and Trade Commission. He also said that some state-owned enterprises are being encouraged to construct creative industries, including industrial design, interior design, advertising, product design, environmental design and fashion. It is the hope that more "Top 500 Enterprises in China" will be created in the future.

7 local enterprises on the list	Position
Guangzhou Automobile Group Co., Ltd.	40
Guangzhou Iron and Steel Enterprises Group Co., Ltd.	235
Guangzhou Pharmaceutical Group Co., Ltd.	263
Guangzhou R & F Properties Ltd.	313
Guangzhou Wanbao Group Co., Ltd.	324
Guangzhou Construction Group Co., Ltd.	378
Guangzhou Development Group Co., Ltd.	440

(By Luna Yang and Stephen Roach)

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Editor: Chen Minjie