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Chinese companies made the outbound investment in more than 4,789 overseas enterprises of 152 countries and regions from January to August, the Ministry of Commerce said on its website.

Chinese companies have been gaining sectoral experience in many parts of the world, and many of them have already begun to deploy resources to other markets such as Africa, member countries of the Association of Southeast Asian Nations, Russia and India to establish new market growth points, said Li Guanghui, vice-president of the Chinese Academy of International Trade and Economic Cooperation in Beijing.

Chinese private enterprises are facing imbalances in their innovative development, with most of their focus on innovation of products but little on innovation of talent management, services, ways of financing and other aspects, a newly published whitepaper said.

Chinese authorities have been hard at work to combat the source of such worries.

Chinese companies showed strong momentum in expanding sales channels in emerging markets despite the novel coronavirus outbreak weighing on exports in the first two months of this year, a commerce official said.