Firms warned against reckless foreign expansion

Editor's Note: Many policy changes may be in the cards in 2016, a challenging time for reform in China and the first year of a new five-year plan for the nation's social and economic progress. China Daily presents some of the latest changes and political considerations.

Chinese companies looking to expand overseas must temper their enthusiasm for new customers with realism and research, according to a longtime government adviser and senior analyst.

Alistair Michie works for strategic consultancy NICG and has previously advised the China State Administration for Foreign Experts Affairs.