Chinese firms expected to look at new markets

US levies will push businesses to focus on Australia, other regions, say analysts

Chinese enterprises are expected to leverage their strengths and diversify their markets and outward investments further, amid challenges from the worldwide tariffs imposed by the United States, according to Australian analysts.

"China has already redirected its outbound investment away from the United States into other regions, primarily Southeast Asia and to a lesser but growing degree the Middle East and North Africa and Latin America," said Hans Hendrischke, a professor of Chinese business and management at the University of Sydney Business School.

"This trend will increase as Chinese companies are looking for further markets," Hendrischke told China Daily.