China’s top 500 enterprises reported rapid growth in revenue and profit in 2021, an industrial ranking report showed.

The combined revenues of China’s largest 500 companies have generated RMB 102.48 trillion (US $14.83 trillion) in 2021, a rise of 14.08 percent from last year and exceeding the RMB 100 trillion mark for the first time.

Net profits of those companies totaled RMB 4.46 trillion last year, up 9.63 percent from the previous year. The growth accelerated from a rise of 4.59 percent registered in 2020.