BEIJING: Chinese enterprises are ramping up efforts to expand business activity overseas despite Covid-19 disruptions, according to industry experts.
Wang Qian, head of talent solutions at LinkedIn China, said Chinese companies with overseas operations have withstood coronavirus disruptions relatively well and have already resumed normal production and operations, with hiring levels remaining stable.
Wang pointed to data from LinkedIn, saying Chinese enterprises have sped up their expansion in emerging markets such as South-East Asia amid the coronavirus outbreak.
“While hires in the United States previously accounted for 58% of the number of overseas recruits, the figure has since dropped to around 30%. However, the figure for South-East Asia increased from 6% to 27% last year. Meanwhile, recruitment in Europe remains stable, ” Wang said.