Suning Commerce Group Co and Legend Holdings stand at No 1 and 2 on the top 500 of Chinese private enterprises in 2014 for a third consecutive year, the All-China Federation of Industry and Commerce (ACFIC) revealed. Shandong Weiqiao Pioneering Group Co, an enterprise that focuses on textiles, garments and dyeing services, took the third spot, replacing Huawei Technologies. Overall, manufacturing enterprises dominated the list. Operating revenue of the top enterprise came in at CNY279.8 billion. “Chinese private enterprises have made an increasingly larger contribution to the economy with a growing effort in innovation and investment,” said Tan Lin, Secretary of the Federation’s Economic Department. Sun Lijian, Vice Dean of the School of Economics at Fudan University in Shanghai, said that most of the enterprises made the list by their own independent innovation. They braced for competition in the marketplace. The government should help to break the monopolies, open up the market and encourage competition to let private enterprises speed up innovation, Sun said.