中文USEUROPEAFRICAASIA

    Overseas investment leads growth prospects

    By Zhang Zhouxiang and Zheng Yangpeng ( China Daily ) Updated: 2014-01-12 01:49:03

    Overseas investment is among the three main opportunities for China's economic growth in the coming decade, a leading economist said on Saturday.

    Gu Shengzu made the comment at the Silk Road: 2014 China Overseas Investment New Year Forum at Beijing's Great Hall of the People on Saturday. The forum was attended by more than 100 senior economists, investment experts, ambassadors and embassy representatives in addition to hundreds of domestic and foreign entrepreneurs.

    In his opening speech Opportunities and Challenges for China's Investment, Gu, who is also vice-chairman of the National People's Congress Financial and Economic Committee, pointed out that China faces three major opportunities — urbanization, the service sector and overseas investment.

    He pointed out overseas investment is of particular importance to economic globalization.

    "China will export not only mass-produced goods but also capital," he said in the speech.

    "In the future, we will not only have 'made in China' but also 'owned by China' and 'created by China'."

    China Overseas Investment Institute's chief consultant Guo Xia agreed.

    "Overseas investment is no longer the issue of any single enterprise but is the strategic design for the whole nation," he said.

    "That's a topic intimately connected with China's global economic influence."

    That requires China to have a global perspective, Guo added.

    China's overseas investments are expected to drive the global economy, especially after the US sub-prime mortgage and European debt crises. He estimated these investments total trillions of dollars.

    The embassy of Spain in Beijing's economic and commercial counselor Jose Luis Kaiser told China Daily that China's investments have assisted his country's economic recovery.

    The Mexican embassy's head of economic affairs Jose Albertto Limas Gutierrez welcomed international, and especially Chinese, investment in his country in an address to the forum's North Pacific branch.

    But Chinese investors must bear in mind the hidden risks in overseas businesses, Gu said.

    "Currently the success rate of China's transnational mergers is around 40 percent, which is higher than the global average of 25 percent," he said.

    But Chinese enterprises still have much to learn in terms of adapting to foreign cultures.

    Gu's mention of the word "culture" resonated with Beijing Nyuwa Jewellery Culture Development Co, Ltd board chairman Hu Xiaocong.

    Her experience dealing in jade with foreigners has made her believe that overseas investment is essential to promoting China's cultural influence internationally.

    Wen Zhuoming, vice-president of ZTE Corporation, one of the world's largest multinational telecommunications companies, said understanding different cultures remains a key challenge to overseas investment.

    "If you don't deeply understand the culture in your investment destination, or can't adapt to local legal, financial and political environments, it's so easy to make faulty market analyses, strategy plans and personnel assignments," Wen said.

    ZTE has accumulated so much experience in the more than 10 years it has invested abroad — it now operates in more than 140 countries and regions — that it last year compiled a book elaborating legal and accounting systems in its major investment destinations.

    Wen also said employee internationalization is crucial.

    "It's a painful process that requires restructuring our work procedures and stipulations," he said.

    "For example, all our documents should have English versions and conferences must be held in English. But this is inevitable if you want to truly go global. So the earlier you start, the better."

    Huang Qingfeng, vice-president of Shanghai Zhenhua Heavy Industries Co, Ltd, one of the world's largest manufacturers of cranes and large steel structures, said his company's real internationalization was driven by poor performance after the global financial crisis.

    The yuan is currently far from being an international currency, Guo said. But he told China Daily he hoped overseas investment will accelerate the process.

    Contact the writers at zhangzhouxiang@chinadaily.com.cn and zhengyangpeng@chinadaily.com.cn.

     

    Most Popular
    Special
    ...
    ...
    最近高清中文在线国语字幕5| 无码精品人妻一区二区三区人妻斩| 无码国产精品一区二区免费 | 无套内射在线无码播放| 无码人妻精品一区二区三区夜夜嗨| 国产成人精品无码播放| 中文字幕日韩第十页在线观看| 亚洲午夜无码久久久久小说| 精品久久无码中文字幕| 亚洲中文字幕久久精品无码APP| 国偷自产短视频中文版| HEYZO无码综合国产精品| 亚洲av中文无码乱人伦在线播放| 日韩区欧美区中文字幕| 中文资源在线官网| 免费无码一区二区| 久久精品中文字幕无码绿巨人| 亚洲一区无码中文字幕| 亚洲精品欧美二区三区中文字幕| 亚洲乱码中文字幕综合| 亚洲无码视频在线| 在线精品自拍无码| 免费无码午夜福利片| 国产亚洲情侣一区二区无码AV| 国产精品多人p群无码| 人妻无码中文久久久久专区| 亚洲精品无码午夜福利中文字幕 | 中文字幕无码毛片免费看| 熟妇人妻VA精品中文字幕| 无码人妻一区二区三区精品视频| mm1313亚洲国产精品无码试看| 超清无码无卡中文字幕| 18禁黄无码高潮喷水乱伦| 国产成人无码a区在线视频 | 国产精品多人p群无码| 国产午夜无码精品免费看动漫| 日韩av无码一区二区三区| 久久精品中文无码资源站| 国产高新无码在线观看| 免费a级毛片无码免费视频| 亚洲毛片av日韩av无码|