Expansion on track despite Covid-19


Going abroad: A worker checking a robot for the export market. China ranks among the top in terms of artificial intelligence, cloud computing and other emerging sectors. — AFP

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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Wall Street set for higher open as rate-cut hopes linger
Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say
Court Of Appeal rules in favour of SC in insider trading case
EPF buys more shares in QL Resources, raising stake to 5.01%
MGRC and Twistcode Technologies collaborate to develop advanced bioinformatics platform
Ringgit trims earlier gains to end slightly lower against US dollar
Ho Hup disposes of Bukit Jalil land for RM110mil
Perodua eyes 79% export surge to 1,960 units this year
Favelle Falco secures RM39.2mil contracts for offshore, tower cranes
RHB Islamic International Asset Management appoints Najman Isa as CEO

Others Also Read