Global business requires high-performance management

As the annual sessions of the top legislative and political advisory bodies continue, China Daily collected questions on issues that netizens care most about and solicited answers from political advisers, legislators and senior government officials.

The question

The Chinese public and private companies are gradually increasing their global presence as a result of the "go global" directive of the government. It has been noted, however, that most Chinese companies when they operate abroad still tend to bring their own centralized management and organizational model, showing their vulnerability and inexperience. How can the public and private companies improve the general level of corporate governance?