Global presence doesn't make a multinational
Updated: 2016-01-22 08:37
By Chen Yingqun(China Daily Europe)
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.