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Companies Look Overseas for Growth

China, India and Brazil still seen as markets with greatest potential, survey says

By Susan Kelly | Updated on June 02, 2009

Fifty-six percent of midsize U.S. companies operating overseas plan to boost their international revenue targets this year, according to HSBC’s second annual survey. That optimism comes despite less-than-encouraging recent results: Just 52% of the respondents said their international business revenue had grown more rapidly than their domestic business revenue over the last 12 months, down 15 percentage points from the 67% who said so in last year’s survey.

But Chris Davies, senior executive vice president and head of commercial banking for HSBC – North America, argues that 52% is “a positive figure.”

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