Manufacturer in global push

Lanzhou LS Group banks on overseas orders to boost revenue despite price drop

Energy equipment firm Lanzhou LS Group Co Ltd expects its overseas operations to increase in the next five years on the back of China's Belt and Road Initiative.

Feng Xiping, deputy general manager for international business at the Chinese oil and petrochemical manufacturing giant, predicted on Monday that overseas income would increase to 60 percent of the company's overall revenue by 2020 from its current level of 20 percent.