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Li Dongsheng,chairman and CEO of TCL Corp.[Photo/CFP] |
Li Dongsheng, chairman and CEO of TCL Corp and a deputy at the National People's Congress
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.
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