Enhancing The Influence Of "Chinese Capital" Still Needs Hard Work

In 2014, it became the first year of net capital export in China.

China's foreign direct investment (ODI) is expected to reach US $120 billion this year, the growth rate will be 10% or more optimistic, and foreign direct investment is expected to exceed foreign direct investment in China (FDI).

The pition from "made in China" to "Chinese capital" can be expected.

While making efforts to become a capital net exporter, China's foreign investment income has continued to be negative, and the ability to increase foreign investment needs to be strengthened.

Over the past ten years, China's foreign direct investment has developed rapidly.

In 2002, China's foreign direct investment amounted to 2 billion 700 million US dollars and increased to US $107 billion 800 million in 2013.

In the 1-9 months of this year, the foreign direct investment of Chinese enterprises reached 74 billion 960 million US dollars, up 21.6% from the same period last year.

According to the investment development path (IDP) theory, when a country's per capita GDP reaches US $2000-4750, the pformation of investment stage becomes an inevitable choice.

The key to promoting this pformation is to increase the rate of return on foreign investment, thereby promoting the formation of the competitive advantage of domestic capital.

Since 2003, China's per capita nominal GDP exceeds US $2000, which is in the historical stage of massive capital output.

China has comparative advantages over many years in terms of design and construction capabilities in the fields of railways, roads, electricity and other infrastructure. Recently, the high speed rail "sea rush" has also proved this.

In addition, when economic growth is entering the new normal stage of medium speed growth, some traditional industries overcapacity is urgently needed to digest, and they are also looking abroad to find markets and drive output through capital export.

However, the stock of China's outward investment is still quite different from that of some developed countries.

On the stock market, China's stock of 660 billion US dollars accounts for only 2.5% of the world's total, which is equivalent to about 10% of that of the United States. China's overseas net assets are equivalent to about half of that of Japan and expand the scale of foreign investment. China still has a long way to go.

More noteworthy is that foreign investment earnings are not outstanding.

In 2013, the external investment income deficit was $59 billion 900 million, an increase of 4.3% over the previous year.

United China World Trade Center Conference

Index (TNI) is used to measure the quality and level of China's foreign investment. At present, there are few enterprises in China with strong cross-border (TNI over 20%).

Considering that the foreign direct investment of enterprises is about 2/3 of the total foreign direct investment, improving the ability of foreign investment is the urgent matter to reduce the deficit of foreign investment income.

For Chinese multinationals, it is urgent to establish core competitive advantages in technology, brand and management.

At present, the world class multinational companies generally recognized have their own core competitive advantages. These core competitive advantages are embodied in product and technological innovation, or embodied in brand and marketing, or in management and operation.

Compared with world-class multinationals, China's MNCs are "big but not strong", but they are large but lack the "winning card" that is the core competitiveness of enterprises.

Two, we need to identify.

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At present, China's foreign investment destination has shifted from traditional Southeast Asia, Europe and North America to Africa, Latin America, Central Asia, the Middle East and other regions, pferring from the relatively low risk countries to the relatively unfamiliar areas with relatively high risk.

The international operation of enterprises should strengthen the understanding of the target market system environment, cultural environment, legal rules and market rules, identify risks and take precautions against them.

Three is the use of

Protect the rights and interests of enterprises.

In recent years, with the increasing competition in the international industry, Chinese enterprises have often been subjected to unfair treatment when they go out to invest in mergers and acquisitions or business expansion.

Therefore, China's pnational enterprises need to strengthen the research on the trade rules and laws and regulations of the investment places, and make reasonable use of legal means to protect the rights and interests of enterprises.

The four is to avoid disorderly development and vicious competition.

In order to fight for market share, many enterprises have excessive competition and mutual price reduction in the process of international operation.

Therefore, enterprises should pay attention to coordination and cooperation in "going out".