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Recent Press Releases (U.S. and international) for magazine issues and staff changes may be found below. Please note that for many issues there exists only a highlights sheet, while for others there may also be a full press release. The cover of FORTUNE's current issue is pictured at right. Please contact the appropriate communications staff member with any questions.
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THE CHINA 100 FORTUNE's 2005 list of China's largest publicly traded companies; China Petroleum and Chemical still at No. 1 HONG KONG: 26 August 2005: The latest issue of FORTUNE, on newsstands on Monday 29 August, features the 2005 China 100 list. It got a lot harder to make FORTUNE's list of China's largest publicly traded companies this year, thanks to high-profile stock offerings and pumped-up oil revenues, writes FORTUNE's Margaretta Soehendro. The No. 100 company, Chongqing Iron & Steel, had 2004 revenues of US$1 billion, compared with the previous No. 100, which had revenues of US$724 million. Old-economy companies-such as China Petroleum & Chemical (No. 1) and Petro China (No. 2)--continue to dominate. China Petroleum saw its revenues swell to US$71.4 billion, up from US$50.4 billion. Telecommunications companies also reported strong growth, with No. 3 China Mobile ringing up revenues of US $23.2 billion, compared with US$19.2 billion the previous year. Two big state-owned companies that went public last year--China Netcom (No. 7) and Ping An Insurance (No. 9)--crashed into the top ranks of this year's list. The rest of the top ten were: China Telecom (No. 4), China United Telecommunications (No. 5), China Life Insurance (No. 6), Minmetals Developments (No. 8), and PICC Property & Casualty (No. 10). But it wasn't all good news, writes FORTUNE. Some auto and tech companies had little or no growth and lost ground. FAW Car, for example, had flat revenues and skidded 22 places, to No. 88. The complete China 100 list is available upon request and can be found at www.fortune.com and in the 5 September issue of FORTUNE on newsstands from Monday 29 August. FORTUNE, part of Time Inc., is the global leader in business, known for its unrivalled access to industry leaders and decision-makers throughout the world. FORTUNE's Asia edition, based in Hong Kong, is dedicated to covering Asian business from a trademark global perspective. With an Asian circulation of 85,000 and a worldwide circulation of 1,020,000, FORTUNE is one of the fastest growing magazines in the world. Founded in 1930, FORTUNE has grown to a worldwide circulation of over one million and a readership in excess of five million. # # #
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Azmar Sukandar
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