Chinese firms are expanding overseas to pursue higher profits and larger markets as domestic margins narrow and production capacity grows, signaling a new phase of going global.

From 2001 to 2024, China’s share of global manufacturing value addition rose from 11% to 33%, showing deeper participation in global supply chains.

The Made in China label has evolved from low-cost, basic products to sophisticated, high-value offerings as Chinese firms become global competitors to established multinationals.

The current global footprint shows Chinese companies aiming for leadership in technologically advanced sectors of the future, not just traditional manufacturing.

Chinese carmakers, especially in electric and hybrid segments, are leading overseas expansion, with eight of the top ten Chinese automakers announcing overseas investment plans this year and new factories in at least 15 countries.