Thoughts on "Going Global"

Author: Research Group on the "Go Global" Strategy, 20th One-Year Middle and Young Cadre Class, Party School of the Central Committee of the Communist Party of China
Publisher:
Publish Date: 2005-01-01
Features: Over two decades of reform and opening-up in China have achieved remarkable results that have attracted worldwide attention. The introduction of a large amount of foreign capital, advanced technology, and management expertise, along with the rapid growth of foreign trade exports, has significantly enhanced China's economic vitality and international competitiveness. However, it is also clear that the task of coordinating domestic development and opening-up remains arduous to meet the new demands of economic globalization and sustained rapid economic growth in China. The Fourth Plenary Session of the 16th Central Committee of the Communist Party of China proposed the need to "adhere to" the combination of "bringing in" and "going global," utilizing both domestic and international markets and resources, and focusing on leveraging China's comparative advantages. While we have over two decades of experience in "bringing in," "going global" is still in its early stages. Many issues require in-depth research, and the cultivation of cross-border management talent must be accelerated. In the competition and cooperation with international multinational companies, China has already emerged a group of large companies with Chinese characteristics and advantages. Although some are just starting out, they face a long and arduous journey with vast potential. To "go global," it is essential to foster the main body of "going global"—that is, China's own multinational companies. Then, under the leadership of these large multinational companies, an industrial chain with coordinated development of large and small enterprises can be formed. Around this core topic, many related issues need to be studied and explored. How can large enterprises become stronger? How can small and medium-sized enterprises grow faster? How can the government support enterprises in "going global"? How can state-owned enterprises deepen their reforms? How can private enterprises enhance their core competitiveness? How can industries and finance jointly "go global"? And so on. The authors of this book have conducted in-depth research on these questions. While some answers may still be preliminary, the spirit of exploration is commendable.