Latest News:  
Beijing   Light rain/Overcast    15 / 8   City Forecast

Home>>China Society

Non-State companies venture abroad in increasing numbers

(China Daily)

08:20, October 31, 2011

ZHUHAI, Guangdong - A rising number of Chinese non-State companies are preparing to invest abroad, relying on a combination of innovation and manufacturing strength.

Some top non-State companies exchanged views on their "go global" strategies in Zhuhai, Guangdong province, over the weekend.

"Chinese companies should not only serve the domestic market but should go to the world," said Dong Mingzhu, president of electronic appliance giant Gree Electric Appliances Inc.

Gree previously exported air conditioners to the United States mainly through original equipment manufacturing arrangements, but now it has a branch in that country to promote its own-brand products.

"We should not go to a foreign country merely to make money but also to win the respect of the local community by making contributions to the local economy."

Given their flexibility relative to other types of companies, non-State companies have the largest opportunity to benefit from globalization, said Xu Jingnan, chairman of Peak Sport Products Co.

"China has become the world's second-largest economy. Going global is a natural choice."

Peak has been able to utilize global resources at a low cost in promoting its brand overseas by sponsoring sports events.

Feng Jun, president of Aigo Digital Technology Co, one of China's biggest digital equipment makers, forecast substantial growth in non-State companies' moves to go global next year.

Those companies should create a win-win situation, in which they create jobs and pay taxes in foreign countries and at the same time, enable their brand building to become healthier and more sustainable.

More than 420 Chinese firms have invested in Britain and the number is "growing fast", said Alastair Morgan, consul-general of the British Consulate-General in Guangzhou.


【1】 【2】

Email|Print|Comments(Editor:陈乐乐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Shenzhou-8 takes off for crucial space mission

  2. China’s first space docking mission

  3. Longjiang Shadow play resurrected

  4. Taste tea culture in S. China

Most Popular

Opinions

  1. Effective measures stabilize Wenzhou economy
  2. US gearing up for trade war with China?
  3. How can China raise credibility of public hearings?
  4. Chinese influence on Toronto growing
  5. China's development no threat to Japan
  6. Can Internet accurately gauge public opinion?
  7. How to view public, government opinion realms?
  8. China's development no threat to Japan
  9. Chinese officials need to speak cautiously
  10. Why Taoism can change the world

What's happening in China

Obese boy trying back to normal life

  1. Taiwan to outlaw teacher-student romance
  2. 'Population crisis' looms in Taiwan
  3. SW China explosion kills 4, injures at least 100
  4. Walmart wholesaling deadbeat behavior: landlord
  5. 6.0-magnitude quake hits NW China's Xinjiang

PD Online Data

  1. Tangerines and oranges
  2. Dried persimmon cake
  3. Guangdong candy
  4. Tangyuan
  5. What do Chinese eat during the Spring Festival?