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Exclusive interview: Challenges ahead for Chinese companies going global
Every Chinese company going global has its own stories. Yu Minhong and his New Oriental is no exception. The Chinese education giant is listed on the New York Stock Exchange.
Things went well for a while and then he hit a rough patch. His company was accused of misstating the value of its shares by a US short seller who profited from the ups and downs of the company’s shares.
Though eventually his New Oriental was found innocent, the experience earned him the respect of the country’s political advisors1. Yu was being selected to be a CPPCC member due to the success of his company and his own legend.
CCTV News senior reporter Tian Wei spoke2 with Yu about the realities of Chinese companies going global.
1 advisors | |
n.顾问,劝告者( advisor的名词复数 );(指导大学新生学科问题等的)指导教授 | |
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2 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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