There Are Dislocations In China's Overseas Direct Investment Industry Chain.

From the acquisition of RenownInc41% from Japan's garment enterprises to the acquisition of Cubbie Station80% of Australia's cotton farm, as one of the largest textile enterprises in China, Ruyi group has been overseas in recent years to take up its own global industrial chain and marketing chain. At present, its textile and garment industry has extended to Japan, Australia, New Zealand, India, the United Kingdom, Germany, Italy and other countries. The China Pakistan Economic Corridor demonstrates its future industrial potential with low factor cost, which is the advantage that Ruyi group looks after.

"This not only brings tax and employment to the local government, but also helps Chinese enterprises build their own global value chain on the basis of the existing global value chain division of labor." Wang Hua, director of Shandong commerce department, told reporters.

along with The labor China's traditional competitive advantage in foreign trade is fading. Some powerful enterprises began to explore cross sea layout. Starting from Kangnai in Italy, building a factory in Cole group, establishing an overseas operation center from Wanxiang Group, and setting up a R & D company in the US by HOLLEY group, after several years of crawling and stumbling, the momentum of private enterprises' active layout of the global value chain is gradually showing up. Unlike ten years ago, the central enterprises based on resource thirst were "going out", and private manufacturing enterprises were weaving the whole world based on the consideration of technology, management, brand and market. Allocate resources The production chain. Yifu Lin, honorary president of the National Development Research Institute of Peking University, told the "finance and economics" reporter that as the four small dragons of Japan and Asia from 80s to 90s of last century, the mature advantage capacity will be exported to the value depression. China is just the dawn.

According to statistics of Ministry of Commerce, private enterprises accounted for 40% of foreign direct investment in non-financial sector in 2014. Cross border mergers and acquisitions also highlight the ambitions of integration of private enterprises. According to the statistics of China group, there were 219 cross-border M & A projects in 2014, of which 185 were private enterprises, accounting for 84% of the total number of projects. With the pace of capital, the number of overseas processing parks is increasing, thus driving the export of China's export capacity.

Lu Jinyong, director of the FDI research center of the University of foreign trade and economics, said that the study of accelerating the construction of the global value chain of Chinese enterprises shows that there are several factors in the global layout of Chinese Enterprises: some "marginal industry transfer" enterprises, mainly to seek market; some enterprises hope to get close to technology, equipment, management and standards, and build a global network of elements and marketing; some enterprises want to acquire scarce elements such as brand, patent, design, R & D, information, marketing network and so on.

Over the past 30 years, relying on factors such as cheap labor and low land prices, China has made the global industrial chain with the layout of transnational corporations, becoming the world's largest "representative factory". Its exports continued to grow for two years in 20 years, and nowadays, as global trade tends to be conservative, transnational corporations With the reshaping of value chain and the continuous rising of factor cost in China's manufacturing industry, Chinese manufacturing enterprises are forced to build their own global value chains.

Gao Hucheng, Minister of Commerce, once said at the International Symposium on global value chains: China strives to gradually improve the system of global value chains and reconstruct the international trade map. "Maybe 3 years -5, maybe 10 years, China's new trade map will gradually show." Hu Jiangyun, a researcher at the Ministry of foreign affairs of the State Council Development Research Center, is full of expectation.