The internationalization drive of Chinese enterprises is poised to further strengthen and accelerate against the backdrop of a shifting global economic landscape, senior executives and analysts at CITIC Securities said on Tuesday.

Amid the tariff turbulence, China's manufacturing sector has demonstrated remarkable resilience, with exports rising 7.1 percent year-on-year in the first three quarters, and the advantages of its full industrial chain have become increasingly prominent, said Zou Yingguang, general manager of CITIC Securities.

While the United States’ trade policies continue to cast a shadow of uncertainty, the massive developing economies will serve as a solid foundation for Chinese enterprises to expand globally, he said.

“The emerging markets and Global South countries, where billions of people are gradually entering the industrialization phase, have development demands, resource endowments, demographic structures and market potential,” he said at the CITICS Capital Market Conference 2026, held in Shenzhen.

“In the future, more Chinese leading enterprises are projected to transform into multinational giants, translating their market share advantages into pricing power.”

According to a report by China International Capital Corp Ltd, the proportion of the overseas operating income of A-share listed companies rose from 0.3 percent in 2000 to 16.7 percent in 2024.

Meanwhile, a Goldman Sachs report shows that the share of overseas operating income among Chinese listed companies stood at 16 percent in 2024 and is expected to expand to 20.6 percent by 2028.

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Yang Fan, chief macro and policy analyst at CITIC Securities, expects the pace of Chinese enterprises’ globalization to accelerate in the coming year as global economies take measures to cope with the changing world economic landscape.

“To address uncertainties and safeguard their own interests, countries worldwide are exhibiting a common shift in policy orientations on key issues. This has also prompted them to re-examine their positioning and adjust their strategies, ultimately leading to the reshaping of the global industrial and financial order,” she said.

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The process will bring opportunities to Chinese enterprises in their overseas expansion and their internationalization pace is forecast to speed up, she noted.

Yang added that Chinese enterprises have shifted their global expansion strategy from passive tariff evasion to proactive overseas expansion, with companies generating overseas revenue sustaining strong growth in the first half of this year.

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According to the 2024 statistical bulletin of outward foreign direct investment, jointly released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange, China's outward foreign direct investment flows hit $192.2 billion last year, an 8.4 percent increase from a year earlier, accounting for 11.9 percent of global flows, up 0.5 percentage point year-on-year. This kept China among the world's top three investors for the 13th consecutive year

In a separate meeting last week, Zhu Min, former deputy managing director of the International Monetary Fund, said the large-scale and high-quality global push by Chinese enterprises is promoting globalization and catalyzing the formation of a new global architecture for trade and capital flows, as well as a revamped world order.

Contact the writer at sally@chinadailyhk.com