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

Upgrade outbound investment

By Xian Guoyi | China Daily | Updated: 2013-11-08 08:18

Chinese investors need broader global perspective so it is oriented toward the high end of the global value chains

China's outbound direct investment has grown by leaps and bounds over the last decade or so, from $2.7 billion in 2002 to a record high of $87.8 billion in 2012, and it is estimated it will exceed $100 billion by the end of the 12th Five-Year Plan period (2011-15).

But despite having emerged as the world's third-largest outward investor, China is in urgent need of broadening its global perspective on outbound investment. In the initial stages of reform and opening-up, China's ODI was basically aimed at setting up small trading companies or offices to establish overseas contacts or provide supporting services for the country's export and import trade.

And after more than three decades of reform and opening-up, to a great extent, the country's outward investment is still oriented to foreign trade and domestic manufacturing, and of little significance for the integration of global resources. Statistics from the Chinese Ministry of Commerce show that about 65 percent of China's ODI in 2012 went to the leasing, commercial service and mining sectors, indicating an investment structure that is out of step with the circumstances in the post-financial crisis era.

The international investment climate has been undergoing profound changes since the onset of the global financial crisis. First and foremost, international investment has become an important means for developing countries to integrate into the global economy, participate in the division of labor within the global value chains and realize their industrial and technological upgrading.

If China continues to excessively orient its outward investment to the low-end manufacturing and export sectors, it will miss the opportunities to integrate global resources, especially advanced technologies, and be kept at the low end of global value chains. That is one of the reasons why China's outward investment requires a broad global perspective.

Also, in the context of the third industrial revolution, which features the development of Internet technologies and renewable energies, no country is capable of technological monopoly as the globalization of research and development is already underway. Production in this era will be decentralized in low volumes and customized with designs tailored for regional and even individual tastes. These will change the international division of labor, where, at present, developed countries dominate the research and development process while developing economies mostly undertake manufacturing.

Apart from R&D efforts, developed economies are likely to be more engaged in manufacturing, which will have a far-reaching influence on the global industrial layout. In the wake of the global financial crisis, many countries have loosened their grip on approving foreign investment and even proposed policy incentives to attract foreign investors, and many have enhanced economic stimulus efforts and boosted infrastructure investment. The Asian Development Bank and the Organization for Economic Cooperation and Development estimate that Asia alone will invest $8 trillion in infrastructure projects from 2010 to 2020.

The explosion in demand in emerging markets such as Asia, Africa and Latin America will present enormous opportunities for Chinese investment. Although the Doha round of talks within the framework of the World Trade Organization are still deadlocked, regional economic cooperation, especially in the Asia-Pacific region, has thrived. Washington is pressing ahead with negotiations on the Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership, both of which boast rules that liberalize trade and investment among the parties concerned. With the rules-based global investment system undergoing profound changes, bilateral and multilateral investment agreements will cover more areas, including providing a high level of protection for investors and ensuring wider market access for foreign investors. These will further facilitate transnational direct investment.

Under the new circumstances, Chinese companies need to increase their inputs to optimize intangible resources such as talent, technology and management. Many Chinese companies in recent years have simply relocated their employees overseas and copied the management pattern at home in the host countries, but such investment with few localization efforts often fails to yield the expected returns. Moreover, the service sector, which includes high-end financial services, is at the high end of the global value chains and deserves greater input, so that China can better position itself in the international division of labor within the global value chains.

More need to be done to maintain China's market advantage in developing economies and meanwhile sharpen Chinese companies' competency in the developed markets. This is by no means an easy task given that competition in developed markets tends to be more intense.

Chinese investors need to grasp the chances derived from the growing demand of developed economies for foreign investment and acquire the technologies needed to enter the developed markets through mergers and acquisitions.

Great importance should be attached to corporate social responsibilities, as these have a direct bearing on a company's image and its overseas operations.

Equally important is support from the government, which is responsible for building a sound regional and even global economic and trade environment, facilitating the proposed establishment of free trade areas and balancing its position as a host and home country for international investment.

More efforts should be made to reform the outward investment system, streamline the administrative approval procedures and encourage State-owned and private sectors to invest abroad. Reform of the country's foreign exchange regime should be accelerated to encourage commercial banks to go global, too, so that they can better integrate into the process of financial globalization and meanwhile offer support to Chinese companies with global operations.

The Chinese version of this article first appeared in Study Times.

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

    免费 成 人 黄 色| 亚洲热在线视频| 中文字幕一区二区三区四区五区人 | 久久这里只精品| 欧美中日韩在线| 污污网站免费看| 国产午夜福利在线播放| 久久婷婷中文字幕| 国产欧美高清在线| 欧美这里只有精品| 性生活免费在线观看| 18黄暴禁片在线观看| 想看黄色一级片| 老司机午夜av| 免费看日本毛片| 特色特色大片在线| 日本爱爱免费视频| av动漫在线看| 国产日韩第一页| av中文字幕网址| 日韩视频免费在线播放| 免费毛片网站在线观看| 小泽玛利亚av在线| 99九九精品视频| 九热视频在线观看| 91九色在线观看视频| 草草草视频在线观看| 国产又爽又黄ai换脸| 玖玖爱视频在线| 自拍偷拍 国产| 久久国产成人精品国产成人亚洲 | 国产v亚洲v天堂无码久久久| 拔插拔插海外华人免费| 国产精品igao激情视频| 亚洲精品国产一区二区三区| 色多多视频在线播放| 97在线播放视频| 欧美aⅴ在线观看| 91丨porny丨探花| av网站大全免费| 男的插女的下面视频| 欧美性猛交内射兽交老熟妇| 91精品一区二区三区四区| 男插女免费视频| 成人手机视频在线| 香蕉视频xxx| 亚洲高清视频免费| 激情成人在线观看| 老汉色影院首页| 精品一区二区三区毛片| 992tv快乐视频| 国产成a人亚洲精v品在线观看| 国产91沈先生在线播放| 欧美亚洲黄色片| 欧美二区在线视频| 久久久久久久久久久免费视频| 丝袜老师办公室里做好紧好爽| 亚洲色欲综合一区二区三区| 中文字幕第80页| jizz18女人| 中文字幕亚洲影院| mm131午夜| 97久久国产亚洲精品超碰热| 国产精品久久久久7777| 青青视频在线播放| 最新中文字幕2018| 久久人人爽人人片| 91黄色在线看| 美女网站免费观看视频| 潘金莲激情呻吟欲求不满视频| 三级黄色片免费观看| 国产av熟女一区二区三区| 天堂…中文在线最新版在线| 免费男同深夜夜行网站| 99日在线视频| 狠狠干视频网站| 国产午夜福利在线播放| 蜜臀av免费观看| 国产免费一区二区三区四在线播放 | 日韩国产成人无码av毛片| 熟女少妇在线视频播放| av在线无限看| 99精品一区二区三区的区别| 精品少妇一区二区三区在线| 亚洲国产高清av| 亚洲精品少妇一区二区| 国产又大又硬又粗| 97超碰成人在线| 一本久道高清无码视频| 成人3d动漫一区二区三区| 亚洲国产精品女人| aa在线免费观看| 欧美在线a视频| 加勒比成人在线| 一女二男3p波多野结衣| av动漫在线免费观看| 国产三级日本三级在线播放| 老汉色影院首页| 亚洲乱码国产一区三区| 国产精品中文久久久久久| 99视频在线免费播放| 天堂视频免费看| 国产免费黄色一级片| 午夜免费福利在线| www.av片| 一区二区三区四区久久| 熟妇人妻va精品中文字幕| 中国一级黄色录像| 牛夜精品久久久久久久| 国产一区 在线播放| 国产精品区在线| 青娱乐自拍偷拍| 四虎影院一区二区| 另类小说色综合| 免费看又黄又无码的网站| 少妇高潮流白浆| 国产91色在线观看| 久久视频这里有精品| 日本特级黄色大片| 天堂中文视频在线| 久草热视频在线观看| 懂色av一区二区三区四区五区| 波多野结衣天堂| 波多野结衣国产精品| 青春草国产视频| 手机在线免费毛片| 日韩av在线中文| 国产97色在线 | 日韩| 韩日视频在线观看| 超碰成人在线免费观看| xxx国产在线观看| 黄色国产精品视频| 黄色国产一级视频| 欧美久久久久久久久久久久久久| 在线a免费观看| 欧美女同在线观看| 精品免费国产一区二区| 国产在线精品91| 久久久久久av无码免费网站下载| 三级黄色片免费观看| 中文字幕 91| 天天干天天爽天天射| 天天摸天天碰天天添| 黄色影院一级片| 99精品人妻少妇一区二区| 欧美亚洲黄色片| 农民人伦一区二区三区| 成年人网站国产| 777av视频| 国产 日韩 欧美在线| 黄色一级视频在线播放| 97超碰在线人人| 久久国产精品视频在线观看| 久久99中文字幕| 精品少妇人妻av免费久久洗澡| 欧美精品自拍视频| 波多野结衣之无限发射| 国产视频一视频二| 成年人观看网站| 成人在线免费播放视频| 噼里啪啦国语在线观看免费版高清版| 国产a级片免费观看| 亚洲色精品三区二区一区| 亚洲精品怡红院| 五月花丁香婷婷| 亚洲国产欧美91| 毛片在线视频观看| 国产女主播自拍| 国产成人无码a区在线观看视频| 337p粉嫩大胆噜噜噜鲁| 欧美一级黄色影院| 国产aⅴ爽av久久久久| 国产精品av免费| 日韩欧美猛交xxxxx无码| 成人毛片一区二区| 欧美在线观看视频网站| 色噜噜狠狠一区二区| 五月天综合婷婷| 欧美 日韩 亚洲 一区| 欧美成人黑人猛交| 日日干夜夜操s8| 超级碰在线观看| 中文字幕无码精品亚洲35| 97在线播放视频| www.超碰97.com| 美女av免费观看| 人妻熟妇乱又伦精品视频| 爱情岛论坛成人| 青春草在线视频免费观看| 阿v天堂2018| 成人午夜激情av| 黄色网zhan| 六月丁香婷婷激情| 不卡中文字幕在线观看| 久久艹国产精品| 国产一级不卡毛片| 免费成人进口网站| 99久久久无码国产精品6| 欧美精品色视频| 日韩欧美一区二|