Chinese firms’ export share to reach 31% by 2035 as global expansion deepens: Goldman Sachs

Chinese companies “going global” are moving from the peripheral to the core in the business world, with their average market share in export markets projected to rise to 31 per cent by 2035 from 18 per cent this year, according to a Goldman Sachs report on Monday. The global expansion of Chinese firms was not yet fully reflected in their share prices, but their revenue would grow 3.6-fold by 2035, according to the report, which covered 40 global companies in 11 sectors, including 21 Chinese...