Chinese enterprises are expected to achieve more stable and longer-term development in overseas markets this year, utilizing opportunities brought by the recent breakthroughs in multilateral cooperation and overseas investment agreements, according to experts.
Though COVID-19 may continue to have an impact on global cross-border investment in the short term, more cooperation as well as competition are possible among businesses from China and the United States in the area of digital economy this year, according to a report from EY, a global professional services firm specializing in assurance, tax and management consulting.
Chinese outbound investors are expected to be active in Europe, particularly in sectors like renewable energy and digital economy, the EY report said.