Four major phases have supported globalization of Chinese companies

CHINA HAS BEEN A MAIN SUPPORTER of economic globalization since it launched reform and opening-up 40 years ago. And during the process, Chinese enterprises have accelerated their integration into the global market, which has strengthened China's connection with the rest of the world. Beijing Youth Daily comments:

China became the world's second-largest economy in 2010, when its gross domestic product overtook that of Japan. China's trade volume in goods hit $4.16 trillion in 2013, exceeding that of the United States to be the world's largest. And in 2015, for the first time, China's direct investment overseas surpassed the foreign direct investment it used, making it a net capital exporting country.

It is Chinese enterprises that have contributed to these achievements, and during the process the enterprises have also gone through their transformation from startups to multinational conglomerates. The going out process of the Chinese enterprises can be classified into four phases.