Chinese private companies increasingly invested in overseas companies in the second half of 2013.

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According to a report issued by PricewaterhouseCoopers, outbound activity of China's privately-owned enterprises was surprisingly low in the first half of last year but rebounded to a new six-month high with 88 deals in the July-December period.

"Even if a purchase is completed, it does not mean success," warned Zhang Handong, head of an international trade research center in East China's Zhejiang province.

"Chinese companies have wanted to buy foreign assets in trouble, but due to lack of expertise, random purchases may bring more trouble," added Zhang.

Chinese private firms are quite active overseas, but they still need time to integrate, according to Zhang.

 

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