Highlight the overseas opportunities of Chinese en

2022-07-26
  • Detail

Deepening the "the Belt and Road" initiative highlights overseas opportunities for Chinese enterprises

deepening the "the Belt and Road" initiative highlights overseas opportunities for Chinese enterprises

China Construction Machinery Information

with the acceleration of the "going global" pace of Chinese enterprises, the sustainable development of Chinese enterprises overseas is not only about China, Recently, the first overseas sustainable development forum for Chinese enterprises, CO sponsored by the Research Institute of international trade and economic cooperation of the Ministry of Commerce, the research center of the state owned assets supervision and Administration Commission of the State Council and the United Nations Development Programme, was held in Beijing. The participants discussed the opportunities, challenges and sustainable development of Chinese enterprises' going out.

"Chinese enterprises' going out 'need to have a high degree of risk prevention awareness." Long Guoqiang, deputy director of the development research center of the State Council, said at the forum that changing the torque of the experimental machine is the force that makes objects rotate. The infrastructure construction and connectivity of countries along the "the Belt and Road" have brought great opportunities for Chinese enterprises to invest and operate overseas. However, enterprises need to establish a risk management mechanism while seeing the opportunities to meet the challenges of political, legal and cultural issues in different host countries

Since the "going global" strategy was put forward in 2000, the foreign investment cooperation of Chinese enterprises has developed rapidly, showing the characteristics of more reasonable main structure, expanding regional scope, diversifying fields and deepening the "going global" mode

according to the statistical bulletin of China's foreign direct investment in 2014, Chinese enterprises realized a total of 125.12 billion US dollars of foreign direct investment in the whole industry in that year, with a year-on-year increase of 14.2%, ranking third in the world for three consecutive years. Among them, the financial sector was US $15.92 billion, a year-on-year increase of 5.4%; Non financial category amounted to USD 107.2 billion, with a year-on-year increase of 15.6%

zhouliujun, director of the Department of foreign investment and economic cooperation of the Ministry of Commerce, said that by the end of 2014, China had 18500 domestic investors set up 29700 enterprises overseas, of which 84.7% had invested in developing and transition economies and 15.3% in developed economies

from the perspective of investors, although state-owned enterprises still account for half of the country, the growth rate of foreign investment of non-state-owned enterprises has gradually accelerated. At the end of 2014, state-owned enterprises accounted for 53.6% and non-state-owned enterprises accounted for 46.4% of non-financial foreign direct investment flows, and the gap between the two was further narrowed

zhouliujun said that in general, China's "going global" enterprises have become participants and contributors to the economic and social development of the host country to a certain extent. The path of international operation of Chinese enterprises is not only the process of Chinese economy integrating into the global economy, but also the process of Chinese enterprises going global, becoming familiar with the rules of the international market, understanding and embracing multiculturalism and values

production capacity cooperation helps "going global"

participating experts said that the development of China's "going global" cause is in an important period of strategic opportunities with great prospects. Adhering to the concept of mutually beneficial cooperation and common development, Chinese enterprises "going global" actively integrate into local society, actively carry out localized operation, pay attention to local people's livelihood, bring talent, capital, technology, management and production capacity to the host country, and enhance the local capacity for independent development

long Guoqiang said that the "the Belt and Road" initiative put forward by China on the basis of rapid development has created many new development opportunities for Chinese enterprises. First, the construction of infrastructure and connectivity will bring major opportunities to the economic development of the host country. After the global financial crisis in 2008, the global economic growth and trade growth were generally bleak, and only infrastructure construction was a bright spot. "Even developed countries are upgrading their infrastructure because they are facing the needs of new technological revolution and industrial upgrading"

"infrastructure construction can show the advantages of Chinese enterprises in infrastructure contracting, design, construction and operation." Longguoqiang believes that the infrastructure itself will generate a lot of demand for complete sets of equipment with very high cost performance, such as power generation, transportation, telecommunications and other equipment. Therefore, the infrastructure construction itself will bring strong impetus to the economic development of the host country, will also bring opportunities for Chinese enterprises to "go global", and will also drive the optimization and upgrading of China's export structure

it is reported that the "the Belt and Road" covers more than 60 countries and regions. The GDP and international trade of these regions account for one third of the world, covering 4.5 billion people, accounting for two thirds of the global population. It covers infrastructure construction, economic and trade cooperation, people to people and cultural cooperation, financial cooperation, government development strategy docking and policy communication. It is an all-round three-dimensional cooperation content

secondly, the "the Belt and Road" initiative reconfigures China's labor-intensive industrial activities globally 10 The loose belt driving the oil pump provides a new opportunity. With the development of China's economy, comparative advantage is also changing. The labor cost has risen rapidly, but at the same time, China's new advantages are also emerging, such as large market advantages, human resources advantages, industrial infrastructure advantages and industrial supporting advantages

zhangsongtao, member of the Party committee and Secretary of the Discipline Inspection Commission of the Export Import Bank of China, believes that in combination with the complementarity between China and countries along the line in the industrial chain, the following four aspects of cooperation should be promoted in the future

first, infrastructure connectivity construction. Including railways, high-speed railways, expressways, urban rail transit, etc., which are the basis for the economic development of countries along the line

second, China's basic industries with comparative advantages, such as steel, cement, flat glass, non-ferrous metals, etc., are also necessary for the industrialized development of countries along the line

third, the primary product processing and manufacturing industries in which the host country has comparative advantages are conducive to the host country to make better use of its own resources to develop and process those energy and mineral resources and improve the conversion rate of employment processing

fourth, China has a huge processing industry, such as light industry, textile and machinery manufacturing, which can bring a lot of employment opportunities to countries along the line

the author learned at the meeting that, as an active participant and practitioner of the "the Belt and Road" initiative, the State Power Investment Corporation has carried out foreign investment, technical cooperation, project contracting and operation management in 35 countries and regions around the world, most of which are located in countries along the "the Belt and Road", and the cooperation involves nuclear power, hydropower, new energy, mining and other fields

the road of "going global" is still long

according to Qian Keming, Vice Minister of the Ministry of Commerce, the current international political and economic pattern is undergoing profound adjustment, and Chinese enterprises still have a long way to go to "go global". As described in the 2015 report on overseas sustainable development of state-owned enterprises that can effectively detect the bursting pressure value of pipe fittings, hiring local employees, technology and services, and environmental management are all great challenges faced by Chinese enterprises

longguoqiang reminded Chinese enterprises that due to the different development levels of the countries and regions covered by the "the Belt and Road", the risks faced by enterprises in the process of "going global" are also different. "In addition to political risks, the market risks faced by enterprises in overseas operations, such as exchange rate risks, cannot be ignored."

zhangsongtao put forward the following suggestions on the "going out" of Chinese Enterprises: first, the overseas strategy of Chinese enterprises should be combined with the national development strategy of the host country. This can not only better meet the development needs of the other side, but also improve the success rate of overseas investment and cooperation of Chinese enterprises. Secondly, efforts should be made to solve the problem of local employment. It is necessary to build overseas production clusters with partner countries, promote the establishment of local industrial systems, increase talent training and education, and help local people accumulate human capital. Thirdly, adhere to high standards of resource and environmental protection requirements

Copyright © 2011 JIN SHI