As domestic consumption slows, Chinese businesses are trying to gain a foothold elsewhere.
From Temu to Shein and from TikTok to BYD, several companies with Chinese origins have burst onto the global stage in recent years. Now more are following in their footsteps, especially in the consumer tech sector.
While chuhai (出海 or ‘going overseas’) has been a buzzword among Chinese entrepreneurs and businesses since the start of this decade, companies are pursuing the strategy with greater urgency amid China’s economic slowdown.
“For a long time, there really wasn’t a who
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Chinese companies have decided that the best place to make money right now is outside of China. The phenomenon known as chu hai (出海), which translates to “go global,” has taken hold, marking a kind of second 'go out' initiative. This time, however, Chinese companies are being met with scrutiny and suspicion.
The former Commerce Secretary and ambassador to China talks about how his background shaped his approach to dealing with Beijing, the pivot to Asia and negotiating Chen Guangcheng's release.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.