Report: Chinese companies accelerating global expansion

Chinese companies are accelerating their push for global expansion, driven by national strategies, capital flows and the restructuring of global supply chains, according to a new report.

The report, released by Deloitte China on Tuesday, showed that in the 2024 fiscal year ending on May 31, the firm assisted more than 2,000 Chinese companies in expanding their businesses across 96 countries.

After years of development, Chinese companies expanding overseas are shifting from merely seeking new markets to integrating global supply chains and building international brands, the report added.