'Global' road rougher for enterprises

Though Chinese firms have been making big strides in the global arena, they are increasingly facing stiff competition from companies in other emerging economies, says a report published on Thursday by the Boston Consulting Group.

According to the global management consulting firm, the number of Chinese companies that have made successful inroads in overseas markets stood at 29 this year, compared with 30 in 2013 and 36 in 2009.

Though there has been a slight change, it does not indicate that the "going global" process of Chinese companies has stalled or declined. Rather, it reflects the stiff competition among the companies in various emerging economies. In 2006, when BCG first conducted the study, it had identified 100 "global challengers" from emerging economies, with 44 from China.