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Majority of Chinese firms' global business profitable: survey

Xinhua, November 11, 2015 Adjust font size:

More than half of Chinese enterprises with an overseas presence saw profits in their global business, a report said Tuesday.

Of 254 firms surveyed, 13 percent posted considerable profits, 39 percent saw mild profits, 24 percent broke even and another 24 percent suffered losses, according to a report jointly published by research departments of the Ministry of Commerce and State-owned Assets Supervision and Administration Commission, and the United Nations Development Programme.

The report came amid rising enthusiasm from Chinese companies to invest abroad. In the first nine months of 2015, China's outbound direct investment totaled 10.3 billion U.S. dollars, up 5.2 percent year on year.

In addition, the report pointed out challenges to going global for Chinese firms, citing local politics and policies, labor problems and local price fluctuations as the three biggest, but noted they have not exerted significant influence on operations. Endi