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Fortune Magazine has released its annual list of top global 500 companies. Wal-Mart Stores secures first position, and three Chinese companies broke the top 10.
Under the stress of the financial crisis, Wal-Mart did well to knock Royal Dutch Shell out of the top slot into second place. Three Chinese companies - Sinopec, State Grid and China National Petroleum - all gained spots in the top 10.
China's dominance is thanks to the global financial crisis, which badly affected the U.S. and Europe. Unemployment rose sharply in the U.S., Europe and Japan, and their companies couldn't sustain the high profit gains of 2009. But China boosted their companies with a better business environment, created by economic stimulus plans.