China's overseas businesses mostly released encouraging financial results in 2014, reported Xinhua-run cnstock.com citing Zhang Xiangchen, deputy negotiation representative for international trade of the Ministry of Commerce (MOC) Thursday.
Last year, 77.2 percent of China's overseas companies profited or broke even and 22.8 percent of them suffered losses. Among the 2,000 overseas enterprises under China's central state-owned enterprises (SOEs), 74.4 percent made profits or broke even and 25.6 percent of them were in the red.
According to Zhang, SOEs, in particular large SOEs, ranked high in China's outbound investment list but private companies' outbound investment also grew rapidly to account for about 60-70 percent of the country's outbound investment.
Generally, Chinese overseas firms' business operating remained well despite that some of them including both private and state-owned companies encountered difficulties due to the changing market conditions, added Zhang.
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