Global EditionASIA 中文雙語Fran?ais
    World
    Home / World / World Watch

    Firms 'going global' should fully utilize joint ventures

    By Wang Huiyao | China Daily Global | Updated: 2020-09-23 09:29
    Share
    Share - WeChat

    The 2020 Bluebook Report on Chinese Enterprise Globalization shows how, amid a complex international situation, overall global investment of Chinese multinational corporations has developed steadily, accounting for a continuously rising share of global foreign investment stock.

    The report was co-authored by the Beijing-based think tank Center for China and Globalization and the Development Research Institute of Southwestern University of Finance and Economics, Chengdu, and published in July by the Social Sciences Academic Press of the Chinese Academy of Social Sciences.

    Overseas mergers and acquisitions have become more diversified in terms of industry structure. For outbound investment, there is a particular focus on industries such as manufacturing, information transmission, computer services and software.

    As the COVID-19 pandemic continues to spread globally in 2020, the disruption of global industrial and supply chains and the limited transnational flow of personnel have severely affected the world economy.

    The International Monetary Fund forecasts that the global economy will shrink 4.9 percent this year, with the expected growth rate of developed economies to be minus 8 percent.

    Amid escalating tensions between China and the United States, Chinese multinational corporations "going global" have weathered headwinds from waves of protectionism and unilateralism.

    However, the globalization of these companies is aligned with technological development and market forces, and is a logical result of enterprise development. Such companies should strengthen their commitment to globalization while paying more attention to enhancing risk prevention ability and developing global strategy.

    First, Chinese enterprises should focus on multiregional, multilateral and diversified cooperation. Given the uncertain outlook for China-US relations, companies can explore investments in other countries and regions.

    This could help to reduce risks and challenges brought about by international political uncertainty. Also, the Belt and Road Initiative can take advantage of the multilateral mechanism launched by the Asian Infrastructure Investment Bank.

    An international construction alliance could be established in conjunction with the World Bank, the Asian Development Bank, the African Development Bank, the Inter-American Development Bank and the European Bank for Reconstruction and Development.

    In order to involve more countries, enterprises and institutions in the BRI, and to mitigate the risk of decoupling between China and the US, the BRI's transparency and the proportion of contracts open to international competitive bidding should be enhanced.

    Second, Chinese enterprises should explore globalization in the form of joint ventures and utilize third-party service agencies. The establishment of joint ventures with local companies and individuals is a good way for Chinese companies "going global" to reduce costs, reduce risks by diversification, and tap synergies.

    Chinese enterprises should make better use of professional third-party services, such as legal services and the research capabilities of industry associations and think tanks, to improve cross-border integration, operations and management, and to reduce risks.

    Third, Chinese multinational corporations should emphasize brand building in the global market. Brand image can help companies to mitigate risk. When encountering a crisis in a certain country, brand influence can help enterprises to continue performing well in other countries.

    Fourth, Chinese enterprises should build systems to cultivate international talent to utilize talent advantages in host countries. Making better use of local talent can help enterprises to better understand local conditions, gain recognition from local communities, and achieve sustainable development.

    This approach also creates more jobs in the host country, thus contributing more to local development.

    Finally, at the national level, China could take a more open stance with respect to foreign investment and enterprises, and adopt more international standards. This will help to acquire more international support and reduce accusations from the international community.

    The Chinese government could also further improve regulations and policies and optimize the business environment to attract foreign enterprises to China, for example by opening up to companies such as Google, Twitter and Facebook.

    The author is president of the Center for China and Globalization, a think tank. The views do not necessarily reflect those of China Daily.

    Most Viewed in 24 Hours
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    久热中文字幕无码视频| 暖暖免费中文在线日本| 日韩乱码人妻无码中文视频 | 91视频中文字幕| 2019亚洲午夜无码天堂| 在线观看免费无码专区| 日本免费中文字幕| 佐藤遥希在线播放一二区| 国内精品人妻无码久久久影院| 中文字幕无码人妻AAA片| 最近更新中文字幕第一页| 亚洲AV永久无码天堂影院| 国产在线无码不卡影视影院 | 人妻中文字系列无码专区| 久久国产精品无码网站| 熟妇无码乱子成人精品| 无码乱肉视频免费大全合集| 亚洲欧美日韩在线中文字幕| 伊人久久无码精品中文字幕| yy111111少妇无码影院| 色噜噜综合亚洲av中文无码| 亚洲爆乳无码一区二区三区| 东京热av人妻无码专区| 国产亚洲精久久久久久无码77777 国产又爽又黄无码无遮挡在线观看 | 中文字幕丰满乱子无码视频| 国产成人无码免费网站| AV无码久久久久不卡网站下载| 日韩精品久久无码人妻中文字幕| 夜夜添无码试看一区二区三区| 亚洲七七久久精品中文国产| 欧美日韩中文字幕在线| 中文国产成人精品久久亚洲精品AⅤ无码精品 | 未满十八18禁止免费无码网站 | 久久精品中文无码资源站 | 亚洲精品无码午夜福利中文字幕| 国产在线无码一区二区三区视频| 日韩免费无码视频一区二区三区| 无码人妻丰满熟妇区免费 | 久久av高潮av无码av喷吹| 精品无码国产自产拍在线观看蜜 | 无码专区久久综合久中文字幕|