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27th January 2012
Chinese try to follow rules - CEO
The boss of one of the top Chinese private equity firms has said investors from his country are trying to follow the rules when spending abroad but acknowledged some firms were still learning.
Hony Capital's CEO John Zhao said foreign prejudice about Chinese investments was unfair. In recent years, companies and government funds in China have used huge cash reserves to purchase foreign businesses and invest in foreign government bonds.
Some foreign governments accused China of trying to exploit others' economic weakness to acquire both natural and technological resources at the lowest prices.
But although some are wary of China's growing dominance, world leaders are looking ever more to the Chinese to bolster the global economy.
Talks at the World Economic Forum, being held at the Swiss ski resort of Davos, are being overshadowed by concern that Europe's economic slowdown would hurt stronger economies.
