In The World Situation, Chinese Enterprises Should Not "Go Out".
According to relevant data, in 2015, China's foreign direct investment (FDI) hit a record high of 145 billion 670 million US dollars, and achieved 13 consecutive years of rapid growth, ranking second in the world for the first time, and exceeding the actual use of foreign capital in the same period to achieve net capital output.
Among them, China's investment in the "one belt and one way" related countries accounted for 13% of the total value of that year, reaching US $18 billion 930 million.
This is the true situation of "going out" of Chinese enterprises in recent years.
Wang Jinzhen, vice president of China Council for promoting trade, said that the proposal of "one belt and one road" initiative has injected new impetus to China's foreign investment cooperation.
Over the past three years, there have been more than 100 countries.
international organization
Among them, China signed a co operation agreement with more than 30 countries along the line, and launched international capacity cooperation with more than 20 countries.
At the same time, China's overseas economic and trade cooperation zone has also achieved some results.
As of September this year, Chinese enterprises built 56 overseas economic and trade cooperation zones in the "one belt and one way" related countries, with a total investment of US $17 billion 900 million, and more than 1000 enterprises in the region, with a total output value of nearly US $50 billion, creating 1 million 630 thousand jobs for the local community.
"Investment can benefit the economy, increase the scale of the economy, and change our social life."
Chen Deming said.
However, when classifying investment, we must think about the rules and risks of pnational investment.
Judging from the current situation, there are more than 3000 multilateral investment rules in the world, which are totally different from each other. Such a fragmented rule is not a very favorable condition for global investment.
China has made great efforts in this regard.
In September of this year,
G20
The Hangzhou summit adopted the guiding principles of global investment of the group of twenty. As the world's first multilateral programming document on investment policy formulation, it established the general framework of global investment rules, aiming to create a more open, pparent and consistent investment policy environment at the global level, promote coordination of international and domestic investment policies, and promote inclusive economic growth and sustainable development.
Speaking of the basic situation of investment in the current world situation, Chen Deming pointed out that in 2007, the world's total investment reached 2 trillion and 270 billion, and after 8 years, it has not yet returned to the level of 2007. In 2015, the total investment of the world is only 1 trillion and 800 billion.
But what needs to be explained is that at present, there are opportunities in investment, a large number of stocks have been reduced, and many local economic structural adjustments are slowly recovering, and economic globalization will continue to move forward.
"The unstable factors of the US presidential election have been settled and there will be more opportunities for Chinese enterprises to go out in the future."
Chen Deming stressed that the stability of the RMB, the opening up of the international market, the irreversibility of globalization, and the improvement of the economic and technological strength of the enterprises themselves are all opportunities for Chinese enterprises.
Which countries welcome Chinese enterprises to invest?
"It's great to have friends coming from afar!" Alexander yaloshenko, Vice Minister of the Ministry of economic affairs and director of the China White Industrial Park Management Committee, welcomed the Chinese enterprises to invest in Belarus by using this proverb in China.
A survey published in a weekly magazine in 2015 showed that there are vast infrastructure investment markets in developing countries, such as Southeast Asia, South America and Africa.
In the survey, 70% of the respondents agreed to use the word "urgency" to describe the demand for infrastructure investment in China, and most of them came from the above regions.
Some countries believe that regional advantages can be used to attract Chinese investment and provide a "springboard" for Chinese capital to enter other countries.
Alexander yaloshenko said that Belarus has an excellent geographical position and connects two huge markets in China and Europe.
Chinese enterprises can take the white Industrial Park as a base and window to export to Europe and Russia.
He said he hoped to attract more high-level high-tech enterprises to produce products with high added value and competitiveness.
Some countries expect to attract Chinese enterprises with good policy environment and tax preferences.
Kampuchea's minister of agriculture, forestry and fisheries has called on Chinese investors to seek investment opportunities in Kampuchea and increase their cooperation with Private Companies in Kampuchea.
According to Kampuchea investment law, investors will get a lot of benefits, including tax relief, investment guarantee and so on.
Kampuchea does not discriminate against investors, does not discriminate treatment, does not need local equity participation, does not control prices of products and services, and controls foreign exchange and capital controls.
DmitriyTkachenko, executive director of the State export and Investment Bureau of Kazakhstan, said that Kazakhstan is rich in mineral resources, and metal manufacturing, agricultural processing and food production are all traditional industries in Kazakhstan.
Kazakhstan has also provided many preferential tax policies for investors, such as the corporate tax can be reduced in the next ten years, the country has various preferential policies in terms of land infrastructure and so on, and the subsidy reaches 30% of the total investment of the project.
Some of the more developed regions hope to help Chinese enterprises go to the world and absorb and utilize China's experience and wisdom more.
The policy of "one belt and one road" provides communication channels for personnel, technology and capital, especially providing good opportunities for infrastructure construction, and also brings good opportunities for Singapore and various countries for the silk road.
He Zhixuan, director of the Singapore division for international enterprise development, said Singapore has good experience and case in capital investment and industrial cooperation, and is very willing to conduct in-depth discussions and cooperation with Chinese enterprises.
How to help Chinese enterprises "go out"?
Faced with some enterprises that are holding money, want to "go out", but do not know where to start and worry about the confusion of "Waterloo". Chen Deming suggested that we should not cooperate for one hundred percent of the purchase.
Chen Deming added that for some well-known brands in developed countries, enterprises should pay careful attention to their strategies when taking M & A, take full consideration of local wishes and the views of trade union organizations, and gradually cooperate with each other if possible, and gradually repay the society. When the big family knows and recognised them, it will take greater control.
"Foreign investment is not a simple buy and buy, but a very complicated process."
Chen Jianshen, chairman of the partnership management committee of the accounting firm, said that the process should use professional services such as investment banks, lawyers, accounting firms and so on.
Chen Jianshen analysis, such as the establishment of a tax framework, may make paction costs, including future cost savings of 50%, make use of different investment and financing channels abroad, different time and capital arrangements to save financial costs.
In addition to these visible costs, there are also some hidden costs and social indirect investment costs.
Professional institutions can provide help for Chinese enterprises to "go out", which will not only save costs, but also greatly reduce risks.
The evaluation report on China's investment environment just released by the China Council for the promotion of trade shows that under the current investment environment, the strength of the company is generally concerned by the influential factors in the selection of investors: high and new technology enterprises believe that technological R & D capability is the most important, and service companies recognize brand awareness as the most important.
The report said that it will give full play to the network advantage of the CCPIT, help enterprises build bridges and provide investment docking services at home and abroad.
Sun Jun, general manager of the information center of China Council for the promotion of trade, said that in order to give full play to the public service function of the CCPIT and promote the enterprises to go out, CCPIT has launched the China Trade and investment platform this year, and has joined a large number of professional and authoritative partners to provide services for enterprises. It includes more than 100 foreign business associations, dozens of foreign embassies and consulates in China, various trade and investment services providers, and more than 800 local and industrial promotion committees across the country and the world, and more than 20 overseas representatives of the CCPIT.
On this platform, enterprises can see the fresh purchase, sale, investment and financing information from all over the world. These rich information will help enterprises grasp the market changes in a comprehensive and timely manner and find the commanding heights of business opportunities.
To resist investment risks, how to overcome "acclimatized"?
It should be emphasized that in the process of "going out", Chinese enterprises should pay special attention to avoiding and resisting risks and resolving the phenomenon of "acclimatized" in a timely manner.
Wang Chengjie, Secretary General of the China International Economic and Trade Arbitration Commission, pointed out that with the development of enterprises, "going global" has become a beautiful scenic spot. There are many opportunities and many challenges.
Risk is everywhere, manifested in cultural language, business philosophy, political environment, natural environment and so on. Risk always happens, can occur in the investment stage, can also be reflected in the operation stage.
For this, Wang Chengjie put forward three suggestions: first, enterprises should have their own countermeasures; two, the government should make a difference and create a good environment; three, the chamber of commerce should play a role.
The start time of "going out" of Chinese enterprises is relatively short.
Qiu Zhongwei, managing director of Tai Meng investment group, said that China's talent structure needs to be internationalized, and it needs a process to get closer to Europe and the United States.
In addition, some Chinese investors do not know much about the legal and economic systems of investment countries.
All these risks need to be avoided.
Silk Road Fund
Deputy general manager Wang Yingjie suggested that investment should pay special attention to risk identification and slow release mechanism.
First, we should strive to link up with the economic development strategy of the host country, such as Russia's Eurasian alliance, Kazakhstan's Guangming Road Project and Mongolia's Grassland road plan.
Try to find a higher degree of fit between investment and the state.
The two is to comprehensively assess the risks of projects.
On the one hand, we should examine the risks of the project itself.
On the other hand, it is necessary to analyze the supervision, policy trend and change of the country in which the project is located.
Huang Zhicong, executive vice president of the Asia Pacific region, AECOM (engineering design and construction) company, said that Chinese companies want to take root in these countries, but that requires adjustment in work or thinking, such as having a more open attitude, understanding of international rules and local rules, and having suitable partners.
Through the gradual understanding of the local conditions and culture, it is gradually pformed into a global enterprise and a local enterprise.
If this pformation is done well, the goal of "interconnection" will be more effective.
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