Tech strength to lift Chinese firms’ overseas revenues to record high within 5 years: UBS
The technological competitiveness of Chinese companies is set to accelerate their overseas expansion, especially in the power and carmaking sectors, with offshore contributions projected to reach a record high within five years, according to UBS. Mainland-listed non-financial companies were estimated to derive 25 per cent of their revenue from offshore markets by 2030, which would be up from 18.7 per cent last year and mark the highest level since 2003, according to the Swiss
Chinese companies are expected to see a significant increase in their international revenue over the next five years, driven by their growing technological capabilities. UBS forecasts that by 2030, mainland-listed non-financial firms could generate 25% of their income from overseas markets. This projection represents a substantial rise from 18.7% in the previous year and would mark the highest offshore revenue share recorded since 2003.
This expansion is anticipated to be particularly strong in the power and automotive industries, where Chinese firms are increasingly competitive on a global scale.
This trend indicates a growing global influence and competitiveness of Chinese technology and manufacturing sectors.
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