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Voices from two sessions

China Daily | Updated: 2016-03-05 08:24

China should establish a State-led insurance system to guarantee the safety of Chinese companies' investments overseas and to encourage companies to "go out". The country should learn from the experiences and lessons of developed countries, such as the United States, Germany and Japan, and find the path with Chinese characteristics.

Voices from two sessions

Guo Guangchang, chairman of Fosun International and a member of the National Committee of the Chinese People's Political Consultative Conference

A decade ago, TCL was one of the first Chinese companies to look abroad for M&A deals. At that time, companies felt under great pressure when the deal involved several hundred million US dollars. We got government support, but it was usually moral support. Now, with a stronger national economy, companies have stronger support from the government. We can even consider deals worth more than $1 billion, because State-led industrial funds will support us as long as our M&A projects are in line with the government's adjustments to the economic structure.

Voices from two sessions

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