Deloitte: Chinese companies are stepping up global efforts

Trade disputes between China and the US have prompted Chinese companies to be more internationalized by building diversified sales networks, new innovation and manufacturing facilities across the world, especially in economies related to the Belt and Road Initiative, said executives from global consulting firm Deloitte.

"We have noticed that a large number of Chinese manufacturers and service providers have started to expand their global presence via international industrial capacity cooperation, transit trade and other commercial activities at a notable pace," said Zhang Xiaofan, partner of Deloitte's global Chinese services group.

The Sino-US trade tension will not push any country or region to replace China's position in terms of supporting the global supply chain, he said, adding that because of the differences of language, currency and political systems, the member economies of the Association of Southeast Asian Nations cannot match China's ability in manufacturing, services and logistics operation, especially in the area of high-end factory business.