Chinas direct foreign investment in strategic choice6863Word文档下载推荐.docx

Chinas direct foreign investment in strategic choice6863Word文档下载推荐.docx

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sreformandopeninguphavecreatedaworld-acclaimedeconomicmiracle,whileforeigndirectinvestmenthasalsomaderapiddevelopment,butlargecomparedtotheintroductionofFDI,foreigndirectinvestmentisstillrelativelylowlevelofdevelopment.Thispaperattemptstomakeachoice,includingindustry,locationselection,subjectselectionandstrategicchoiceofinvestmentoptionsforforeigndirectinvestmentinChina'

sdevelopmentandputforwardfeasiblesuggestions.

Keywordsdirectforeigninvestmentinvestmentstrategy

First,thestatusquoofChina'

sforeigndirectinvestmentin

Asoftheendof2007,China'

saccumulatedforeigndirectinvestmenttotalof1,179.1billionU.S.dollars.Relativetothedevelopingcountries,becauseofChina'

sforeigndirectinvestment,theaveragegrowthrateexceededthatofmanydevelopingcountries,thestockatarelativelyhighlevel.ForeigninvestmentwiththedevelopedcountriescomparedtoChina'

sforeigninvestmentflowsatalowlevelofforeigndirectinvestmentinChinainthestrengthisstillrelativelyweak,thenumberofforeign-investedenterprisesineachoftheamountofoverseasinvestmentandthecumulativetotalamountofforeigndirectinvestmentarealsorelativelysmall.Moreover,themajorityofChina'

soverseasinvestmentforsmallandmediumprojects.Inthe"

Fortune"

magazine'

s2008Global500,only35Chinesecompanies,andmostlyinthelowerranks.

Second,China'

sforeigndirectinvestmentintheIndustryChoiceforStrategicResearch

1.Resource-basedindustriesasabreakthroughdevelopment

Chinaisnowstillintheinitialstageofforeigndirectinvestment,andthemostdevelopedcountrieshaveexperiencedfromtheresourcedevelopmentindustry-Manufacturing-thethirdindustry-baseddevelopmentprocess.Atthesametime,duetotheinternationalinvestmentenvironmentisimproving,resourceextractiveindustriesisextremelyfavorableenvironmentforforeigninvestment.Forsomeindustriessuchasmining,forestry,oilexplorationindustry,theworld'

soversupplyofresourcesinsomecountries,Chinesecompaniesshouldbeadaptedtolocalconditionstoinvestabroad,mining,processingandtransportationbacktotheresourcesabroadtomeetdomesticdemand.

2.Amanufacturingandtradingalternativeforoverseasinvestmentfocus

Theadvantagesofthepresentstageofourmodelintermsofforeigndirectinvestment,theinvestmentfocusshouldbeonexcesscapacity,withtheapplicationofmaturetechnologiesorsmall-scaleproductiontechnologymanufacturing.Comparedwithsomedevelopingcountries,Chinainthetextile,food,metallurgical,chemical,pharmaceuticalandelectronicsindustries,formedacertaincomparativeadvantage.Inaddition,Chinaalsohasalargenumberofsophisticatedapplicationoftechnologies,suchashouseholdappliances,electronics,transportequipment,lightmanufacturingtechnology,small-scaleproductiontechnologiesthatarereadilyacceptabletothem.

3.Thirdindustryandfocusonhigh-techindustrydevelopmentdirectionforthefuture

Accordingtoforeigndirectinvestmentintheindustryshouldbechosenconsistentwiththedomesticindustrialstructureandhigh-classstandards,China'

sforeigndirectinvestmentshouldfocusontechnology-intensiveindustries.Throughtheacquisitionofalocalhigh-techenterprisesorhigh-techenterpriseswithlocalownershipjointventureandcooperation,youcandirectaccesstogeneraltechnicaltradingandtheintroductionofforeignadvancedtechnologythatcannotbeobtained,andthentransmittedbacktothedomesticuseoftechnologytospeeduptheprocessofupgradingofdomesticindustrialstructure.Forexample.LenovoGroupacquiredIBM'

sPCdivision.

Third,China'

sforeigndirectinvestmentlocationchoiceofstrategy

1.TodevelopingcountriesasforeigndirectinvestmentofChineseenterpriseslocationchoiceofthemain

ChinaislocatedinAsia,thegoodrelationsofcooperation,aswellasasimilarlevelofeconomicdevelopment,industrialstructure,demandpreferencesmakesthebarrierstoentryforsmall;

China'

stextile,clothing,householdappliances,machineryandothertechnologiesmatureandhighlycompetitiveindustry,hasstrongmarginalcomparativeadvantage;

rapideconomicdevelopmentindevelopingcountriesandregions,themarketcapacity,moreinvestmentopportunities;

alsocantakeadvantageofthehostcountrytoenjoypreferentialtermsoftrade,theproductsaresoldtoathirdcountry.

2.Selectiveincreaseinvestmentinthedevelopedcountries

TheUnitedStates,Canada,WesternEurope,AustraliaandJapanandotherdevelopedcountriesistheworld'

smostattractivetotransnationalinvestorsinthearea.Becauseofitsexcellentinvestmentenvironment:

ahighlevelofeconomicdevelopment,scienceandtechnologydevelopedinfrastructureandimproving,andsocialstability,investmentlawsandregulations,soundanddevelopedfinancialmarkets,richinallkindsoftalents,isanidealplaceforforeigndirectinvestment.Foreigndirectinvestmentindevelopedcountriescanobtainadvancedtechnologyandmanagementexperiencetomasterthehigh-techfeedbackfrombackhome.

3.ActivelycarefuldevelopmentoftheCISandEasternEuropeancountry'

sinvestment

Thesecountriesareintheeconomicreformprocess,theurgentneedforforeigndirectinvestmentthere.Thesecountrieshavedevelopedindustrialbaseafterthepubliceducationandworkerskilllevels,withrichnaturalresourcesandvastmarket,butitsexportsarelesscapableoflackofcompetitivenessintheinternationalmarket.TheinexpensiveChineseproductsthantheEuropeanandAmericanproductsmoresuitedtotheregion'

smarketneeds.Repostedelsewhereinthepaperforfreedownloadhttp:

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Fourth,foreigndirectinvestmentstrategyofthemainselection

1.Focusonthedevelopmentofdominantenterpriseswithamonopolyofforeigndirectinvestment

Itsdirecteffectistocreateoperationalinternalmarketoftheintermediateproductsandavoidtheriskoftheexternalmarkettransactions;

tomakethetransferoffunds,taxeshaveareasonableremovalfromsmoothchannels;

whilereducingthenegotiations,inquiryandothertransactioncosts;

guaranteeThecompany'

stechnologyandskillsarenotleakedtosustainthebenefit.Resource-seekinginvestmentintheparentcompanycanalsoensureastablesourceofresourcesrequired.

2.Todevelopsmallandmediumenterpriseswiththeoperatingcharacteristicsofforeigndirectinvestment

Atpresentthemajorityoftheworld'

smultinationalcorporationsbutaremainlysmallandmediumenterprises,mainlysmallandmediumenterprisesisuniquebecauseofitsownproductionandmanagementsuperiority.ManysmallandmediumenterprisesinChinawithaforeigndirectinvestmentconditions:

lowlaborcosts,industrialproductsandrawmaterials,elementsofthetransferpricesarealsorelativelylow;

propertyrightsformedthebasisofclearconciseandefficientorganizationalstructureoftheadvantage;

haveadaptedtolocalmarkettheneedsofpracticaltechnology.

3.Thepromotionofforeigndirectinvestmentinenterpriseclusters

?

AccordingtoMichaelPorter'

stheoryofthecompetitivenessofacountry'

ssuccesscomesfromthecriss-crossofindustrialclusters.Thereisalargeclusterintheenterprise,suchasNingbo,clothing,BeijingZhongguancunelectronicsindustries.Makefulluseof"

industrialclusters"

tocarryoutthecompetitiveadvantageofforeigndirectinvestment,themainbodyofChina'

sforeigndirectinvestment,animportantstrategicchoice.Fromtheperspectiveofthegrowthofmultinationalcorporations,

Multinationalenterpriseclustercanbeusedasaprocessofgrowthanddevelopmentofanalternativeinternalizationadvantages.

Fifth,China'

sforeigndirectinvestment,thechoiceofstrategy

1.Accordingtothepurposeofinvestmentbymultinationalstodevelopthechoiceofinvestmentstrategyfor

ForeigndirectinvestmentinChineseenterprisesmainpurposeistoseeknaturalresourcesandthelearningofforeignadvancedtechnologyandmanagementexperience.Natural-seekingforeigndirectinvestmententerprisesshouldbebasedjointventurewillhelpbreakthecontrolfortheexploitationofnaturalresourcesandtheestablishmentoflong-termcooperativerelationships;

learningofforeigndirectinvestmententerprisesshouldbebasedonmergersandacquisitions,jointventuresdominated.Thismodeofentryfordirectaccesstoadvancedtechnologyandmanagementexperience,theuseofhumanresourcesofhostcountriesdeveloptheirowntalent,masteryofadvancedtechnologiestofullyenhancetheabilityoftransnationaloperationsofChineseenterprises.

2.AccordingtoChina'

sdevelopmentofthesector-specificinvestmentselectionstrategy

SomeChinesehaveacompetitiveedgewhenmakingindustrialtransfer,China'

smultinationalcompaniesshouldbebasedonmodeofentryfornewenterprisesandjointventuresasthemainmodeofentry.Atthisstage,televisionsets,refriger