Global presence doesn't make a multinational

Updated: 2016-01-22 08:37

By Chen Yingqun(China Daily Europe)

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 Global presence doesn't make a multinational

Visitors check out smartphones and other gadgets at the Lenovo stand at the 2015 IFA consumer electronics and appliances trade fair on Sept 4, 2015 in Berlin. [Photo/Agencies]

The world will continue to see more and more Chinese companies internationalizing, experts say

As Chinese companies ramp up their presence on the international stage with a string of headline-grabbing acquisitions catapulting them to global fame, some experts urge caution: Most still cannot be called true multinationals.

"I think there are a small number of Chinese companies that are already global companies, but it is a very small number, like Lenovo and Huawei," says Stephen Phillips, chief executive of the China-Britain Business Council.

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