久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / View

New growth model, new FDI scopes

By Dan Steinbock | China Daily | Updated: 2013-05-07 08:12

During the past three decades, China's growth was predicated on investment and net exports. In the future, it will be driven increasingly by consumption. How will the transition affect foreign companies in China? Where are their new opportunities and what are their challenges?

Last year, foreign direct investment (FDI) in China fell almost 4 percent to $112 billion, according to Ministry of Commerce data on new projects from overseas. However, central bank data offer a bullish picture of reinvested earnings from foreign companies already operating on the Chinese mainland.

Today, China is the world's top destination for FDI, as the United Nations data attest. But as China is changing, so will FDI.

Initially, many foreign multinationals in China came to benefit from low price and low costs. They used China primarily as an export platform. Today, multinationals are expanding their operations in China to take advantage of market access.

As China's growth model will gradually shift from investment and net exports to consumption, it is likely to become one of the fastest-growing consumer markets in the world.

In the past, big multinational consulting companies, including McKinsey, Boston Consulting Group, AT Kearney and Booz Allen Hamilton, promoted China as the world factory. For a few years now, they have shifted the spotlight to China's middle class, consumption engine and demand locomotive.

Today, China is the world's largest and favorite FDI destination because it is seen as the world's largest marketplace of the future.

By 2015, Ford Motor hopes to double its retail and production capacity in China. Like earlier in America, it is investing productive capital and creating good jobs, which will now provide livelihood to ordinary Chinese and thus give them the opportunity to consume - which, in turn, will expand the middle class and consumption in China.

These investments reflect the ongoing new deal of foreign investment in China. In the past, investments were focused on the first- and second-tier cities in the prosperous coastal regions. Today, they are also shifting to other regions.

As industrial producers - from US-based Dover to German chemical producer BASF - are no longer growing as fast as in the past, China is becoming the destination market for foreign consumer and services groups hoping to benefit from the rapidly rising domestic demand.

For more than a century, Procter & Gamble, the consumer goods leader, focused on developing household staples for the expanding American middle class. Over the past few years, however, the squeeze on middle-class America has taught it to look for new growth markets, including China's nascent middle class.

China's service industries will need a local workforce that knows the market intimately. Consequently, the world's largest advertisers, marketers and advertising agency networks are boosting their operations in China. "We have some plans for developing WPP in a different form in China, more locally based," says Martin Sorrell, CEO of WPP, the world's largest advertising company. Like other senior executives, Sorrell expects localization to foster an even stronger position.

In 2011, FDI flows into the Chinese mainland and Hong Kong reached a historic high of $124 billion and $83 billion. While FDI in manufacturing on the mainland has stagnated, the service sector's share in FDI has exceeded that in manufacturing, for the first time.

As China moves higher in the value-added chain, it is no longer just the mecca of assembly plants for foreign producers. It is also becoming the global center of innovation. Throughout the 1950s and 1960s, the US enjoyed superior leadership in science and technology, research and development, and patents. Since the late 1970s and 1980s, the innovative capacities of the US, Western Europe and Japan have converged.

Last year, the global patent power shifted from the US to China, and the global R&D power will migrate to China probably within a decade. In the US, patents are dominated by multinational giants, including Qualcomm, IBM, Hewlett-Packard, 3M, Procter & Gamble, Microsoft, Dupont and Intel. They do not just represent computer technologies, medical sciences, pharmaceuticals, energy and digital communication. They also epitomize major foreign investors on the mainland.

From the standpoint of foreign companies operating in China, these changes require a U-turn in perspective. While the latter is understood by informed large multinationals, many small and medium-size enterprises understand poorly the new opportunities in China. As the full implications of China's growth transition and the associated FDI shifts become more familiar, the repercussions will reverberate regionally and worldwide.

Imagine the US (population 316 million), plus Europe's 27 member states (502 million), plus Japan (127 million), coupled with Brazil (200 million) Russia (143 million), and Ethiopia (84 million). Then imagine a track record of past growth and solid growth potential in the future, including a Chinese dream with a rising middle class and soaring consumer demand. That's what drives multinational FDI in China today.

The author is research director of international business at India, China and America Institute (US) and visiting fellow at Shanghai Institutes for International Studies (China) and EU Centre (Singapore).

Editor's picks
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
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    成人开心网精品视频| 3d动漫精品啪啪一区二区竹菊| 欧美日韩一级大片网址| 国产精品午夜电影| 九九**精品视频免费播放| 欧美福利视频一区| 一区二区免费在线播放| 成人高清免费在线播放| 国产欧美综合在线观看第十页| 激情综合色综合久久| 国产欧美日韩综合精品一区二区| 93久久精品日日躁夜夜躁欧美| 久久精品综合网| 国产精品一区二区在线观看不卡 | 亚洲国产欧美在线人成| 99麻豆久久久国产精品免费优播| 国产欧美日韩一区二区三区在线观看 | 精品在线播放免费| 国产精品无人区| 欧美日韩精品电影| 亚洲h在线观看| 欧美老女人在线| 国产一区 二区| 国产欧美一区二区精品性色 | 欧美国产精品一区二区| 国产91精品久久久久久久网曝门| 久久久三级国产网站| 国产美女视频91| 亚洲综合色网站| 91精品国产综合久久香蕉麻豆| 国产九色sp调教91| 亚洲人成亚洲人成在线观看图片 | 精品少妇一区二区三区日产乱码| 久久99精品久久久久久国产越南 | 亚洲成av人片| 国产色婷婷亚洲99精品小说| 欧美性生活影院| 免费日韩伦理电影| 精品成人佐山爱一区二区| 国产精品一卡二卡| 亚洲午夜激情av| 国产视频一区不卡| 91精品国产高清一区二区三区蜜臀| 久久精品久久99精品久久| 久久精子c满五个校花| 精品视频色一区| 大陆成人av片| 蜜臀久久久99精品久久久久久| 久久久久久99精品| 欧美日韩成人综合天天影院| 成人动漫一区二区三区| 青青草成人在线观看| 亚洲欧美视频在线观看| 久久网站热最新地址| 91麻豆高清视频| 日韩不卡一区二区| 日本一区二区免费在线观看视频| 欧美精品视频www在线观看| 99久久精品情趣| 国产福利一区二区| 久久你懂得1024| 中文字幕日韩一区| 国产成人综合在线播放| 亚洲成人动漫av| 成人欧美一区二区三区白人| 欧美精品一区二区高清在线观看| 欧美日韩中文字幕一区| 97久久精品人人做人人爽50路| 国内精品久久久久影院薰衣草| 国产精品国产三级国产普通话三级 | 国产一区视频导航| 日本成人在线网站| 亚洲一区二区三区国产| 国产精品不卡一区二区三区| 久久亚洲精精品中文字幕早川悠里| 欧美日韩国产成人在线免费| 色婷婷av一区二区三区大白胸 | 国产一区日韩二区欧美三区| 婷婷综合另类小说色区| 日本一区二区综合亚洲| 精品国产污污免费网站入口 | 波多野结衣中文一区| 韩国毛片一区二区三区| 麻豆一区二区99久久久久| 首页综合国产亚洲丝袜| 中文字幕一区二区三| 国产校园另类小说区| 久久久精品综合| 久久综合九色综合97婷婷| 精品久久久久久久久久久久久久久久久 | 一级女性全黄久久生活片免费| 国产精品女主播av| 日本一区二区三区高清不卡| 久久亚洲一级片| 久久久一区二区| 久久老女人爱爱| 久久精品一区二区三区av| 久久亚洲精品小早川怜子| 久久综合久久综合亚洲| 久久午夜色播影院免费高清| 久久先锋资源网| 久久精品免费在线观看| 亚洲国产精品ⅴa在线观看| 欧美国产一区视频在线观看| 欧美激情一区二区三区| 国产精品久久久久精k8| 1000部国产精品成人观看| 亚洲欧洲精品成人久久奇米网| 1000精品久久久久久久久| 轻轻草成人在线| 精品一区二区日韩| 国产盗摄一区二区| 不卡的av网站| 日本久久电影网| 成人国产一区二区三区精品| 91视频91自| 欧美久久一二区| 日韩久久精品一区| 日韩色在线观看| 欧美精品99久久久**| 日韩一卡二卡三卡国产欧美| 久久综合色综合88| 国产精品国产三级国产aⅴ中文| 亚洲欧美另类久久久精品| 亚洲成人综合视频| 热久久久久久久| 国产福利一区二区| 91热门视频在线观看| 欧美日韩免费一区二区三区| 日韩一区二区三区av| 国产午夜亚洲精品不卡| 亚洲欧洲综合另类| 日一区二区三区| 国产精品影视网| 91在线无精精品入口| 欧美日本在线播放| 精品国产成人在线影院| 亚洲欧美自拍偷拍色图| 天天做天天摸天天爽国产一区| 精品在线播放午夜| a在线播放不卡| 欧美人伦禁忌dvd放荡欲情| www国产成人| 亚洲男人电影天堂| 美腿丝袜亚洲三区| www.在线成人| 5566中文字幕一区二区电影| 久久精品视频一区| 亚洲香蕉伊在人在线观| 久久99国产精品尤物| 99精品欧美一区二区蜜桃免费| 欧美日韩日本视频| 国产亚洲成av人在线观看导航| 一片黄亚洲嫩模| 国产精品中文字幕一区二区三区| 日本久久精品电影| 久久亚洲捆绑美女| 亚洲国产成人av网| 国产福利一区在线| 欧美日本韩国一区| 国产精品毛片高清在线完整版| 视频一区在线播放| 成人h动漫精品一区二区| 欧美顶级少妇做爰| 中文字幕一区日韩精品欧美| 毛片av一区二区| 在线看不卡av| 欧美精品乱码久久久久久按摩| 国产女主播视频一区二区| 午夜精品国产更新| 成人午夜免费电影| 日韩欧美一区在线| 亚洲一区二区在线免费观看视频| 国产精品一区三区| 91精品国产乱| 亚洲乱码日产精品bd| 日韩国产欧美一区二区三区| 成人av手机在线观看| 欧美大片在线观看| 亚洲成年人影院| 成人黄色片在线观看| 精品三级av在线| 亚洲高清在线视频| 99国产精品国产精品久久| 欧美不卡一区二区| 五月激情综合婷婷| 色综合天天综合在线视频| 欧美放荡的少妇| 亚洲欧洲中文日韩久久av乱码| 国产精品一区专区| 日韩一区二区三区在线观看| 亚洲一区在线视频| 91在线视频网址| 国产欧美中文在线| 激情五月激情综合网| 69成人精品免费视频| 一区二区三区欧美日| 99久久精品免费观看| 国产欧美日韩另类视频免费观看| 蜜臀99久久精品久久久久久软件|