China.com6month4Daily News (Reporter Wu Qiongjing)The 3rd w88 casino games Investment Forum6month3日在w88 casinoHeld grandly, Cao Yuanzheng, Chief Economist of the Bank of China, Zhang Xiangchen, Director of the Political Research Office of the Ministry of Commerce, Xian Guoming, Assistant to the President of Nankai University, Vice President of the China World Economics Society, Chen Runyun, Commercial Counselor of the Department of Foreign Investment and Economic Cooperation of the Ministry of Commerce, Li Li, Dean of the Asia-Pacific and Global Strategy Institute of the Chinese Academy of Social Sciences Xiang Yang, as well as professors and experts from Illinois State University, Tsinghua University, Tianjin w88 casino games Studies University, and Beijing University of Posts and Telecommunications, as well as CEOs from China Yuanda Group, Sinopec Group, Chinalco, Sany Heavy Industry, and China Nonferrous Mining Group, attended the forum.Vice President of w88 casino, Vice President of China Society of World Economics Zhao ZhongxiuAttended this forum and delivered a speech.

Zhao Zhongxiu, Vice President of the w88 casino and Vice President of the China Society for World Economics, attended this forum and delivered a speech

Zhang Xiangchen, Director of the Political Research Office of the Ministry of Commerce

w88 casinoFDIResearch Center MasterRen Lu JinyongProfessor

This forum focuses on the theme of "Growth and Cultivation of Chinese Multinational Companies: Theory, Environment and Model". The guests at the meeting made wonderful discussions and speeches on topics such as RMB internationalization and the transnational business strategy of China's financial industry, analysis of the characteristics of Chinese multinational corporations, and the protection of China's overseas economic interests. They analyzed the current situation, problems and countermeasures of Chinese enterprises going global under the background of the global economy and RMB internationalization. Representatives from enterprises introduced the actual situation of their companies' overseas investment and operations, and gave vivid examples of how to overcome difficulties to establish friendship with local governments and nationals, gain mutual trust, and cultural integration.

my countryFDIGrowth of approx. over the past ten years21times,2011YearFDIThe total amount ranks fifth in the world. However, Zhang Xiangchen, director of the Political Research Office of the Ministry of Commerce, pointed out that China’s overseas investment currently only accounts for the world’s total overseas investment2%, there is still huge room for growth. As far as its implementation entities are concerned, central enterprises play a leading role, but private enterprises are also developing very rapidly. Among the non-financial investments, private enterprises account for the proportion2008The year is14.6%，2010The year has risen to30%. At the same time, Zhang Xiangchen pointed out that Chinese companies going global have the flaw of dispersed layout in overseas markets, which weakens the overseas competitiveness of Chinese companies. We should promote the joint cooperation between state-owned enterprises and private enterprises to complement each other's advantages and form a development trend of industrial cluster advantages. In this way, our enterprises can not only "go out", but also "go in" and "go on".

As a representative private enterprise attending this forum, Cui Yongqian, deputy general manager of Sany Heavy Industry Co., Ltd., was very proud to introduce the business development of Sany Heavy Industry Co., Ltd. through23Years of growth and development, Sany Heavy Industry has created many world firsts: research and development86Meter concrete pump truck set a new world record, and the crawler crane lifted it in one go3600ton is the largest in the world in the excavator market2011In 2015, Sany Heavy Industry ranked first in China and among the top five in the world, breaking the long-term monopoly of foreign manufacturers in the excavator market. But so far, most of Sany Heavy Industry’s machinery and equipment comes from the domestic market. Last year802Overseas markets account for 100 million sales36billion, so to become a truly w88 casino games enterprise, Sany Heavy Industry still has a long way to go. The group's current R&D centers in the United States, Germany, India and Brazil will all be put into operation this year. The company's goal is to2015Annual overseas sales exceed15%，2020years over30%。

The organizer of this forumw88 casinoFDIResearch Center MasterRen Lu JinyongProfessorsaid that private enterprises face four major difficulties in going global: capital, technology, information and talent. In addition to technical issues that should mainly rely on themselves, the government's support for private enterprises in the other three points is crucial. When private enterprises go abroad, just like underage children living alone abroad need care and help, the government should also provide more help and preferential treatment to private enterprises in information sharing such as financial financing and risk warnings in overseas markets.

When talking about the biggest problems Chinese companies encounter when going global, many experts and entrepreneurs said that the complexity and change of the w88 casino games situation and the integration with local culture are the biggest challenges. In this regard, the only rule is to adhere to mutual benefit and win-win results, respect local culture, repay local society and promote cooperation with local governments in overseas markets.

In his report, Kang Rongping, Chairman of the Chinese Business Research Center of the Institute of World Economics and Politics, Chinese Academy of Social Sciences, compared the acquisition success rates of European, American, Japanese, Korean, Chinese and Indian companies during their overseas investments and found that the success rate of Japanese and Korean companies was much lower than that of European and American companies, while the overseas acquisition rate of Indian companies was much smoother. In this regard, Kang Rongping pointed out that this is inseparable from the strength of European and American culture. The English advantages and Western cultural background of Indian elites make them comfortable in overseas acquisitions. This is worth learning and researching by Chinese enterprises.

Shi Xin, director of the Institute of Development Strategy of the Economic and Technical Research Institute of Sinopec Group, said that the ideas of internationalization of talents and localization of employment should be followed. As far as Sinopec is concerned, overseas companies currently have foreign employees2.7Ten thousand people, accounting for the total number of overseas employees67%. Gao Shunqing, deputy general manager of China Nonferrous Mining Group w88 casino games Trading Company, said that when Chinese companies go out, the risks they encounter are not within the company, but outside the company, not in the economy but in the government, not in the present but in the future. They must abandon conservative thinking and make friends.

When talking about how Chinese companies protect their economic interests overseas, Li Zhongmin, associate researcher at the w88 casino games Investment Research Office of the Institute of World Economics and Politics, Chinese Academy of Social Sciences, pointed out that my country currently lacks a strategy to protect overseas economic interests, and the idea of diplomacy serving the economy needs to be strengthened. Li Zhongmin proposed that an overseas economic and security committee should be established with a ministerial-level coordination mechanism to declare interests through high-level visits, bilateral and multilateral methods, and to improve the w88 casino games operation level and risk resistance of enterprises by strengthening legislation, risk assessment and early warning.

Attachment: Original report link:

http://local.china.com.cn/2012-06/04/content_25558974.htm

Lu Jinyong: The household registration indicator should not be allowed to become a shortcoming in recruiting talents for private enterprises

http://news.china.com.cn/txt/2012-06/04/content_25560181.htm