Chinese firms' outbound deals to increase

Chinese business leaders have kept faith to look for opportunities overseas, and plan to increase outbound investment despite trade disputes, said a report from Brunswick Group, an international advisory company.

The United States is still seen as the No 1 market with great potential for Chinese companies to expand business despite trade disputes with China and its investment controls, said the report, entitled New Perceptions of China Going Global.

A survey showed that about 80 percent of global respondents expected Sino-US relations to improve over the next 12 months, although 26 percent of them would like to put US investment decisions on hold until the situation becomes more certain.