Fortune has announced the Global 500 list for 2022, which ranks the world's largest corporations by revenue for fiscal 2021. Chinese machinery giant Sinomach landed at No 224, up 60 places from last year's ranking.

Fortune Global 500 companies generated revenues totaling $37.8 trillion — more than one-third of the world's GDP and an increase of 19 percent over the previous year, marking the highest annual growth rate in the list's 33-year history. Companies on the 2022 list employ 69.6 million people worldwide and are based in 229 cities and 33 countries and regions.