Half of companies' overseas businesses making a profit

More than half of Chinese companies' overseas businesses are making a profit, while about one-fourth are suffering losses and the rest have broken even, according to the United Nations' first report on the sustainable development of Chinese enterprises overseas.

The report was jointly released by the United Nations Development Program and two think tanks under the Ministry of Commerce and the State-Owned Assets Supervision and Administration Commission.

The results are based on a survey of 250 Chinese enterprises, among which about 36 percent were State-owned and 63 percent were privately owned.