Chint Group eyeing overseas expansion

Chint Group, China's leading industrial electrical equipment and new-energy enterprise, is looking to expand its presence in foreign markets, with mergers and acquisitions remaining a major strategy.

"Despite the current (tense) international environment, Chint has maintained a growth momentum abroad, mainly thanks to logistics improvement and the Belt and Road Initiative," said Nan Cunhui, chairman and founder of Chint, on the sidelines of the ongoing two sessions in Beijing.

The company's overseas revenue now accounts for around 20 percent of its total revenue, noted Nan, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference. "It will rise to 30 percent to 40 percent in the near future," he added.