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Chinese people from smaller cities are traveling abroad more frequently thanks to relaxed visa policies and more direct flights to foreign destinations, the report said.
Chinese enterprises should ramp up efforts in brand-building, with tea, Chinese food, clothing, electric vehicles and herbal skincare products having huge growth potential to establish global brands, according to a report released by Fortune magazine's China edition and US-based strategic advisory services provider Ries.
Chinese public firms saw better performance last year due to a firming economy and structural reforms, with businesses in emerging tech industries reporting stellar profits. [Photo/VCG]
Chinese investment ensures once-struggling facility has bright future
Chinese companies are finding new ways of going global while contributing to the development of relevant countries, thanks to new business opportunities brought about by the implementation of the BRI.