{
  "id": 7509594,
  "title": "Chinese firms’ export share to reach 31% by 2035 as global expansion deepens: Goldman Sachs",
  "url": "https://urgent.news/2026/09/15/chinese-firms-export-share-to-reach-31-by-2035-as-global-expansion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T08:00:11.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/china-business/article/3367561/chinese-firms-export-share-reach-31-2035-global-expansion-deepens-goldman-sachs"
  },
  "original_language": "en",
  "account": "A Goldman Sachs report indicates that Chinese firms' export share is set to soar to 31% by 2035 as their global presence expands, according to the bank's latest assessment. Currently, the figure stands at 18% for Chinese companies. The report, which examined 40 global companies across 11 sectors, including 21 Chinese players and 19 international counterparts, suggests that Chinese firms' revenues could surge three-and-a-half times by the same date.\n\nAnalyst Trina Chen of Goldman Sachs noted that markets have yet to fully account for China's burgeoning global growth potential, with certain sectors trading at less than 1x earnings in international markets outside China. The report identified \"latecomers\" in sectors such as robotaxis, e-commerce, surgical robots, clear dental aligners, and power equipment as the potential drivers of this growth. However, it warned that the path for \"early achievers,\" such as certain car manufacturers in Europe, is more challenging due to a more mature and competitive landscape.\n\nThe investment bank forecasted that non-Chinese firms' combined revenue could grow to 1.6 times their current levels by 2035, contingent on the projections for Chinese company expansion. Specifically, sectors like heating, ventilation, and air conditioning, express delivery services, and industrial robots may be the most challenging for Chinese competitors to enter internationally due to entrenched competitive advantages.\n\nEmerging markets and the European Union were identified as the primary regions where Chinese companies have made the most significant share gains, with market share in emerging markets at 24% and in the EU at 16%. In contrast, the US market presents a more contested environment, where Chinese firms hold only a 10% market share. The report highlighted that nearly 70% of Chinese companies' international market entry strategies involved disruptive innovation, primarily targeting price-sensitive low-end segments or emerging markets that were underserved by non-Chinese competitors.",
  "summary": "Chinese companies “going global” are moving from the peripheral to the core in the business world, with their average market share in export markets projected to rise to 31 per cent by 2035 from 18 per cent this year, according to a Goldman Sachs report on Monday. The global expansion of Chinese firms was not yet fully reflected in their share prices, but their revenue would grow 3.6-fold by…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}