Crisis good opportunity for Chinese companies to go global

BOAO, Hainan - Guo Min, a director in charge of the overseas acquisition business of a Guangdong-based private company, said he became extremely busy over the last one year as the financial crisis gave a good opportunity for Chinese companies to go global.

Guo expects the strenuous pace of life to continue, due to the robust momentum of mergers and acquisitions that Chinese companies are expected to be involved in over the next three years.

The financial crisis has given Chinese companies a shortcut for making more acquisitions overseas, as the latest high-profile deal between Chinese automaker Geely and global giant Ford shows.