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Lenovo seeks acquisition opportunities in BRIC nations: CEO
BEIJING (Reuters) - Lenovo Group (0992.HK), the world's fourth-largest maker of personal computers, is searching for possible acquisitions in emerging markets, especially in Brazil, India and China, the company's CEO said on Thursday.
Chief Executive Yang Yuanqing, speaking on the sidelines of China's annual parliament meeting in Beijing, also told Reuters the company faced a decline in renewal rates among overseas corporate customers.
"The overseas market will be very challenging this year, but we have high confidence to maintain ourselves in domestic markets," Yang said.
"In overseas markets, many big foreign companies decided to postpone renewal of their computers due to the financial crisis, but in China we have government policy support to sell our products to rural markets."
(Reporting by George Chen; Writing by Ken Wills; Editing by Nick Macfie)
