Chinese Enterprises Struggle Overseas
May 23rd, 2013 | Economic ObserverChinese enterprises are expanding overseas rapidly and on a large scale, but many of these projects are seeing poor returns. China Mobile Communications Corporation (CMCC), for example has invested in six major overseas projects since 2005. But according to data from the National Audit Office, among these projects three have suffered losses altogether totaling nearly 3.2 billion yuan. Why do so many of these projects fail to take off? How [...]