This book carries out comprehensive research on the underlying problems regarding the globalization of Chinese enterprises. It also proposes practical solutions for dealing with difficulties in the legal sphere, legislation, international talent development, and financing solutions for Chinese firms going global. In light of the great opportunities and space for outbound investment, this book also provides insights on how to push forward the Belt and Road Initiative.
The insights herein help readers understand the basic state of Chinese enterprises in overseas development and has important reference value for enterprises looking to gain a better understanding of foreign investment strategies, make the most of opportunities and challenges and promote their development at a higher level.
Author(s): Huiyao Wang, Lu Miao
Series: The Chinese Enterprise Globalization Series
Publisher: Springer
Year: 2023
Language: English
Pages: 180
City: Singapore
Foreword
Acknowledgements
Introduction
Contents
About the Editors
List of Figures
List of Tables
Theories and Strategies for Chinese Enterprises “Going Global”
Comprehensive Motivation Theory in Foreign Investment: A New Theoretical Paradigm for Global Chinese Enterprises
1 The Motivations of Home Country Enterprises
1.1 State-Owned Enterprises
1.2 Small and Medium-Sized Private Enterprises
2 Environmental Motivations of Host Countries
2.1 Institutional Factors
2.2 Environmental Factors
2.3 Using Foreign Capital to Join the Global Value Chain
3 Motivations of the Home Country Environment
3.1 Institutional Factors
3.2 Accelerating the Creation of Cross-Border Industrial Chains
3.3 Undertaking International Social Responsibility
4 Motivations of the Global Environment
4.1 New International Division of Labor
4.2 New International Economic Order
References
Basic Characteristics and Strategic Insights of “Going Out” from a Historical Perspective—Comparing Current Trends in China with Japan’s Experience
1 The Fundamental Characteristics and Cyclical Nature of “Going Out”
2 Secrets of Japan’s Postwar Economic Take-Off
3 Patterns in Japan’s “Going Out”
4 Cases Studies in Japanese “Going Out” and Strategic Insights
5 Current State of “Going Out” Among Chinese Manufacturers
6 Prospect for Internationalization of Chinese Commodities via e-Commerce
References
“One Belt and One Road”
Accelerating the Marketization of Enterprise Investments to Ensure the Sustainable Development of the Belt and Road Initiative
1 China’s Direct Investment in BRI Countries is Lagging
2 Malaysia’s East Coast High Speed Railway (HSR) Demonstrates that Host Country Debt is Unsustainable
3 Successful Cases of Private Enterprise Investment in BRI
4 Suggestions on Promoting Enterprise Investments in BRI Countries
Security Risks Facing the Belt and Road Initiative and Suggested Countermeasures
1 The Internal Logic and Background of the BRI
1.1 The Basic Logic of the BRI
1.2 The Background of the Belt and Road Initiative
1.3 Profound Changes to the International Strategic Landscape
1.4 Unbalance in World Economy After the 2008 Financial Crisis
1.5 The “New Normal” of China’s Economy
2 Major Risks Facing the Belt and Road Initiative
2.1 Systemic Risks Caused by Superpower Games
2.2 Risks Arising from Geopolitics and Terrorism
2.3 Risks Arising from Political Change and the Relationship Between Government and Business
2.4 Economic Laws and Other Technical Risks
2.5 Risks Arising from Cultural Differences and Public Relations
3 Coping with the Risk and Challenges, Promoting the Development of the Belt and Road
3.1 Coordinating International Relations and Creating a Favorable Strategic Environment
3.2 Integrating Resources from an Open and Win–Win International Perspective
3.3 Continuously Improving the Risk Prevention Mechanism of Overseas Investment
3.4 Promoting the Integration of Civilizations and Creating a Community with a Shared Future
3.5 Maintaining World Peace and Constructing Security Systems
The Status Quo and Prospects of “Belt and Road” Economic and Trade Cooperation
1 Outstanding Results in Economic and Trade Cooperation with Countries Along the Belt and Road
1.1 China’s Economic and Trade Cooperation BRI Countries
1.2 China’s Investment Cooperation with BRI Countries
1.3 China’s Financial Cooperation with the Countries Along the Belt and Road
2 Analysis of Risks in Economic and Trade Cooperation with Countries Along the Belt and Road
2.1 Political Risks
2.2 Social Risks
2.3 Legal Risks
2.4 Commercial Risks
3 Prospects for Economic and Trade Cooperation with BRI Countries
3.1 BRI Countries Enjoy Bright Prospects for Economic and Trade Cooperation
3.2 Key Issues in Economic and Trade Cooperation with BRI Countries
Solutions and Approaches to International Win–Win Cooperation Through the BRI
1 B&R as an Effective Promotion of “New Globalization”
1.1 Inflicted Globalization
1.2 BRI as a Win–Win Initiative for International Cooperation in the Era of “New Globalization”
2 BRI: Opportunities and Challenges
2.1 Opportunities that the BRI Brings
2.2 Challenges that the BRI Faces
3 Solutions and Approaches to Win–Win Cooperation on B&R
Reference
Chinese Enterprises Investing in the US
China-US Corporate Philanthropy Amidst the COVID-19 Pandemic
1 Introduction
2 Methodology
3 The Development of Corporate Philanthropy Among Chinese Enterprises
3.1 CSR as Chinese Enterprises “go global”
4 Case Study: China-US Corporate Philanthropy Amidst COVID-19 Pandemic
4.1 The Importance of China-US Cooperation Amidst COVID-19
4.2 The Role of Chinese Enterprises in International Relief Efforts
4.3 Focus: Alibaba’s Philanthropic Activities Amidst COVID-19
4.4 Further Opportunities for Cooperation Amidst COVID-19
5 Conclusion
Globalization Amidst China-US Trade Frictions
1 Introduction
2 Methodology
3 Background on China-US Economic Relations
4 Evolution of China-US Trade Frictions
5 Impact of the Trade War
6 Suggestions
6.1 Suggestions for Firms
6.2 Suggestions for Policymakers
Building Together: Opportunities for China-US Cooperation on Infrastructure
1 Introduction
1.1 The Global Infrastructure Gap
2 Infrastructure Cooperation in China
3 Tapping Third-Markets on the Belt and Road
4 Potential for Infrastructure Cooperation in the US
4.1 Cooperation to Date
4.2 Challenges for Chinese Participation in the US Market
5 Suggestions to Promote China-US Infrastructure Cooperation
Risks and Opportunities Facing the Internationalization of Chinese Enterprises
Barriers and Opportunities of “Going Out”—A Case Study of Chinese SME Internationalization in Mature Industries
1 Research Background
2 Research Goals and Method
3 Case Study
3.1 Company Profile
3.2 The Company’s Development and Challenges
3.3 Analysis from the Perspective of “Going Out”
4 Conclusion
4.1 How Can We Judge if It is Necessary to “Go Out”?
4.2 When Should Chinese Enterprises “Go Out”?
4.3 How Should Companies “Go Out” and Where Should They Go?
References
Strengthening Compliance Management and Promoting the Sustainable Development in Overseas Investment by Chinese Enterprises
1 Strengthening Compliance Management is a New Trend in the Global Development of Enterprises
1.1 Global Enterprises Are Facing a New Situation of Compliance and Anti-Corruption
1.2 Compliance is Becoming a New Competitive Rule for Companies to Lead Development Around the World
2 Severe Compliance Risk in Overseas Investment
3 Attaching Great Importance to the Compliance Risks in Overseas Investment
4 New Chinese Government Requirements for Overseas Investment Compliance
5 Learning from the Experiences of Chinese and Foreign MNCs to Strengthen Compliance Management
6 Strengthening Compliance Management Actively to Promote the Sustainable and Steady Development of Overseas Investment
6.1 Attaching Great Importance to the Significance of Compliance Management
6.2 Establishing and Perfecting Compliance Management Systems
6.3 Strengthening Compliance Management to Promote the Sustainable Development of Overseas Investment
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