"Some private companies had a clear purpose initially, but were overwhelmed by vast, seemingly attractive opportunities abroad and lost their initial purpose."

China Daily referenced the BCG report Gearing Up for the New Era of China's Outbound M&A in an article on China lagging on deal completions. BCG's Ying Luo explained, "Some private companies had a clear purpose initially, but were overwhelmed by vast, seemingly attractive opportunities abroad and lost their initial purpose."

China Daily