Canvard College,Beijing Technology and Business University
Abstract: With the gradual development of economic globalization, China’s market economy has also obtained unprecedented opportunities for development. Many foreign companies actively seek to cooperate with China’s manufacturing and other enterprises in an all-round way to establish multinational companies..
Keywords: Chinese companies; foreign direct investment; causes of impact
Foreword: With the in-depth development of economic integration and globalization, after decades of precipitation, China has accumulated a lot of money, and its position in the world is getting higher and higher. However, at present, due to the constraints of policies, information, and capital resources, Chinese enterprises still struggle to make direct investments abroad.
1. Analysis of the factors affecting Chinese companies' foreign direct investment
(1) Macro causes
First, there is the problem of poor financing. In addition to income, the source of funds for SMEs is mostly from commercial banks, and the main financing channel is loans. But for a long time, for some small-scale enterprises with poor risk resistance[1]. We coupled with many factors such as international markets, social customs, laws and so on.
(2) Microscopic reasons
Chinese companies want to truly go abroad and directly invest abroad. In fact, some Chinese companies that are eager to try to invest directly abroad.
In order to carry out foreign direct investment, in addition to actively adapting to the foreign economic environment in terms of business strategy, enterprises are also critical to the reserve of talents. They must have both talents and elites capable of external marketing.
2. Strategies to promote foreign direct investment by Chinese companies
Increase policy support and improve financing channels. In order to effectively promote Chinese companies to make direct investment, the Chinese government needs to increase policy support. At the same time, we must encourage enterprises to engage in import and export trade, learn from the experiences of Western countries and Japan, and open direct subsidy channels for the technological research and development of these enterprises [3].
In addition, it also has corresponding knowledge reserves in legal and financial aspects, which in turn provides a solid talent base for direct foreign investment of enterprises.
3. Conclusion
Based on the oboves, in the future development, the government should support enterprises to go out from the perspective of institutional policies, and the enterprises themselves must constantly improve management concepts, and combine the characteristics of foreign economic markets.
References:
[1] 孟寒,严兵.产业集聚对中国企业对外直接投资的影响[J].世界经济研究,2020(04):95-106+137.
[2] 马萌. 对外直接投资对中国企业经营绩效的影响[D].山东大学,2019.
[3] 黄丽清. 制度因素对中国企业对外直接投资的影响研究[D].广东工业大学,2018.