China’s export share to reach 31% by 2035 as global expansion deepens: report - South China Morning Post
Zhu Wenqianin BeijingPublished: 4:00pm, 15 Sep 2026Updated: 4:36pm, 15 Sep 2026Chinese 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 2035, according to the report, which covered 40 global companies in 11 sectors, including 21 Chinese players and 19 of their global peers.
The report said the biggest growth opportunities favour the “latecomers”, including companies in sectors such as robotaxis, e-commerce, surgical robots, clear dental aligners and power equipment, which have the potential to expand their market positions.
“Markets have yet to price in China’s global growth opportunity, with a number of sectors trading at less than 1x [earnings] in international markets excluding China,” said Trina Chen, a Hong Kong-based analyst at Goldman Sachs, in the report co-authored by 36 analysts globally.
