China’s commerce ministry said it will support private companies in their efforts to expand overseas, state media reported on Thursday. Photo: Shutterstock

China pledges more support for private firms investing abroad, 12 months after clipping their wings

  • Beijing keen for companies to become ‘renowned global brands’, Commerce Minister Zhong Shan says
  • Outbound investment growth eases to 3.8 per cent in January-October period from 5.1 per cent in first nine months
Topic |   China economy

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China’s commerce ministry said it will support private companies in their efforts to expand overseas, state media reported on Thursday. Photo: Shutterstock
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