'World's factory' is ready to invest around the globe

Premier's measures favor private businesses to build on existing infrastructure, expert says

China's private companies are set to be the key engine to drive another robust year of merger and acquisition agreements worldwide, a veteran strategic adviser to the San Francisco mayor's office and the San Francisco Bay Area Council has said.

"China's rapidly expanding middle class has been a powerful source of growth and has provided Chinese companies with the large talent pool needed to compete globally," said Stanley Kwong, a professor of international marketing at the University of San Francisco.