Chinese companies' overseas profit grows

The earning ability of Chinese companies operating overseas remained robust as their profit jumped by 52 percent year-on-year to $137.8 billion in 2017, the Ministry of Commerce said on Friday.

Officials said the growing figure is an inevitable outcome of China's economic growth in a new development stage, as the country's outbound direct investment has been spread evenly across many industrial sectors, particularly those related to the real economy - such as goods manufacturing, infrastructure projects and service business.

By the end of 2017, Chinese companies had invested in and established more than 39,200 companies in 189 countries and regions worldwide, with total asset value of around $6 trillion, data released by the National Bureau of Statistics show.