Industry Experts: The Cross Mining Index Is The Mast Of China'S Trade Giant.

September 15th, just around the world.

Emerge as the times require

Wang Ling said that the cross mining index as an empirical and applied research project is a combination of theory and practice, especially the internationalization of China.

As a new trend in the development of international trade, pnational procurement has become an important part of the global business strategy of multinational enterprises.

Vigorously developing pnational procurement and building a multi-level and multi-level procurement platform with strong service functions, smooth flow of elements and broad two-way radiation is not only an important part of speeding up the construction of the international trade center in Shanghai, but also a concrete measure to serve the overall strategy of the country's foreign trade, to implement the goal of "protecting share, adjusting structure and promoting balance", and at the same time, to improve the service level and level of Shanghai serving the Yangtze River Delta, serving the Yangtze River Basin and serving the whole country.

China (Shanghai) international pnational procurement conference, CO sponsored by the Ministry of Commerce and the Shanghai municipal government and an international economic and trade grand event sponsored by 30 provinces, municipalities and autonomous regions, has attracted more and more multinational buyers to participate in the exhibition. After years of efforts, it has become an important channel for Chinese enterprises to enter the global sourcing network of pnational corporations.

The cross cutting index is one year from incubation to birth.

In September 15, 2009, when the global financial crisis broke out 1st anniversary, and on the eve of new China's National Day 60th anniversary, China's economy has already taken the lead in getting out of the shadow. But the western world has increased its misreading and misjudgement of China's economy, especially China's foreign trade.

At that time, in a dialogue with Dr. Tu Jianqing, chairman of the chairman of Shanghai pnational purchasing Co., Ltd. and Dr. Wang Lingyi, he proposed that China's foreign trade could not be so passive - let the western public opinion be judged arbitrarily. In fact, the major representative of the western trade interests are sharing the dividend of China's economic growth every year.

Dr. Wang was studying the impact of trade barriers, exchange rate appreciation and rising labor costs on the livelihood issues such as employment. He also proposed to set up a set of cross mining index that can reflect the basic status quo and expected confidence in order to promote the construction of international discourse power in Shanghai and China's foreign trade.

Since then, the cooperation between the two sides has been responded to by more than 100 international institutions, 500 strong global enterprises and domestic enterprises and institutions.

The questionnaire was designed and consulted by experts and scholars from British Petroleum, Alcoa, Fiat, DELL computers, Bayer pharmaceuticals, Adidas, Otto International, and other experts and scholars from universities and research institutes such as European business school, Shanghai Academy of Social Sciences, Fudan University, Shanghai Maritime Univeristy and Shanghai Finance University.

Shanghai is also the largest trading port in the country, and its port cargo trade accounts for more than 1/3 of the total volume of the country. It also needs such a series of cross mining index series to better provide high-end services for the whole country.

If the Shanghai international trade center is a new giant wheel, the index of cross mining is just like the mast of the new giant wheel. It is the most easy and the first Chinese element to be seen by other big ships on the horizon of the international trade ocean.

Series of achievements

The "pnational purchasing Shanghai index" is a monitoring index system for multinational corporations purchasing in China. At the same time, because exports are the main force that drives China's economic growth, the "pnational purchase and Shanghai index" is indirectly an indicator system of macroeconomic monitoring and plays an important role in monitoring and forecasting national economic activities.

Wang Lingyi pointed out that China's economic growth is changing the old pattern of international trade, and is also building a new international trade map.

The new layout will inevitably bring new demand for reading guidance, which means that the construction of the right to speak on international trade territory has become urgent since this year.

Therefore, we also hope that the "pnational purchasing Shanghai index" system can help to establish our own economic evaluation capability, and break the dependence of the implementers on the Western assessment system, while helping to enhance their understanding and confidence in the trend of China's economic development.

The "pnational purchasing Shanghai index" is not an index, but an index system. It will include four main components: confidence index, financial index, logistics index and the United Nations procurement index.

The data sample of confidence index is used to purchase large and medium sized multinational corporations in China. By collecting information from all aspects of procurement in China, it directly reflects the trend of multinational enterprises purchasing in China.

The financial index data samples are pnational financial institutions such as banks and investment banks. They collect information about their trade and financial products and international capital flows to reflect the activity of multinational corporations in China.

The sample data of logistics index are multinational logistics companies and consulting companies, which reflect the activity level of international trade by collecting their trends in logistics products.

The UN Procurement index mainly releases the trend of procurement by international agencies and government organizations such as the United Nations in China.

The "pnational purchasing / Shanghai index" has fully monitored the trend of goods logistics, information flow and capital flow in pnational procurement activities, and comprehensively reflected the trend of multinational corporations purchasing in China.

In addition, the analysis of various indices can make up for the deviation of single index in different economic periods, and more objectively reflect the actual situation.

The current pnational purchasing confidence index is the first in the cross mining index series, because in the post crisis era, confidence is indeed more important than gold.

The development of the index series of pnational procurement will follow the principles of accuracy, timeliness and comprehensiveness, and will eventually become the globally recognized authoritative index in line with the construction and development of the trade center.

In terms of index accuracy, we will gradually establish a historical database by continuously optimizing the sample enterprise structure, questionnaire content and data calculation method, and expand cooperation with more well-known universities and research institutes at home and abroad.

On the timeliness of the index, it will gradually achieve synchronization with the release date of other major economic data of the country. The confidence index of pnational purchasing will be released from quarterly to monthly, so as to provide the basis for decision-making of enterprises with other major economic data.

It is released quarterly and is the 15 day of the first month of each quarter, striving for a monthly release in 2012.

On the comprehensiveness of the index, we will provide a comprehensive wind vane with the goal of building a series of pnational purchasing indices.

In the series of "pnational purchasing Shanghai index" in the future, it will include the purchasing index of the United Nations in China, the pnational purchasing financial index and the pnational purchasing logistics index, and gradually make the pnational purchasing regional index according to the national and regional subdivision, such as the pnational purchase of the US index, the pnational purchase of the European index, and so on, so as to establish a comprehensive index wind vane {page_break}.

Wang Ling also introduced the background of Shanghai International Sourcing Center Limited (hereinafter referred to as "cross mining center").

The cross mining center was approved by the municipal government in 2002, 3, with the aim of "basing itself on Shanghai, facing the world and serving the whole country". Through the exhibition matching, online promotion platform, professional cross mining forum and perennial special exhibition, it was committed to providing professional trade services for both sides. By the end of 2009, the cross mining center had established communication channels with nearly 500 world top 500 enterprises in Shanghai, and invited 30-40 world 500 strong enterprises on site every year for eight consecutive international procurement conferences, and has accumulated services for 2.3 000 foreign trade enterprises all over the country.

According to the purchase list, the average purchase amount in China in 2002 reached US $28 billion 500 million per year in -2009.

It helps to expand the global trade marketing channels, change the trade growth mode, reduce the intermediate links of two-way trade, and help suppliers to truly enter the network channel of pnational purchasing groups from raw material organization, product production, logistics and distribution.

seize the initiative

Wang Ling said, "pnational procurement and Shanghai index" is of great significance in economic forecasting and business analysis for government departments, business organizations and enterprises.

First, there is a strong demand for the index in the market, and the corresponding services must be provided.

International buyers, domestic suppliers, universities and research institutes have strong demand for index.

For multinational companies, through participation index survey and information data feedback, we can understand the competitive environment of their procurement in China, promote their correct procurement policies and expand their procurement in China. For Chinese suppliers, we can judge the trend of the next stage of the purchasing of multinational enterprises in China through index, and help to guide the activities of purchasing, production and operation of enterprises.

The cross mining index survey involves many links, such as production, purchase, inventory, sale, price, etc., reflecting the overall business activities of the enterprise, and has a strong guiding function for the actual business activities of enterprises, so as to provide a reliable basis for the strategic decision and business adjustment of enterprises, especially large conglomerates.

For universities and scientific research institutions, the release of this index can fill the gap in the field of pnational procurement research, and provide a lot of valuable data for its teaching and research in the field of international trade.

Second, it is conducive to macroeconomic regulation and prediction of national economy and industrial economy.

The index of cross mining is a fast and timely leading indicator for economic activities.

Through index, we can timely monitor and predict the problems and trends in the pnational procurement and manufacturing industry, so that the government's macroeconomic trend will be established on the basis of science.

Thirdly, it provides a tool for China's manufacturing industry to reflect the trend of pnational purchasing prices. It concludes that there is no scientific, complete and rigorous pnational purchasing index in China, which has important strategic significance for China to seize the dominant price of pnational procurement.

Finally, we should guide manufacturing production and pnational procurement, seize a new round of development commanding heights in the market, and consolidate Shanghai's position as an international financial, trade and shipping center.

From the point of view of research tools, index research is the perfect combination of mathematics and economics.

If we say "mathematics is the crown of science", the index is the vane of trade and the positioning instrument of investment.

The cross mining index can help the domestic industry to have a clearer understanding of its own position in the international trading system, and also help the international trade community more accurately understand the context of China's economy, not just the outline.

The introduction of cross mining index has been positively approved by authoritative institutions and industry.

Mai Shouxin, Assistant Secretary General of the United Nations, said: the cross mining index is an innovative and promising exploration of the future trade development. It is also looking forward to the release of the United Nations procurement index for China soon. The United Nations should continue to strengthen political cooperation with China and strengthen business cooperation with China.

The cross mining index research team has also established a cooperative relationship with international agencies such as the German Federation of purchasing logistics associations, and will issue China's voice in a more professional international field in a timely and regular manner.