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【China Daily】Global presence alone won’t make companies MNCs
Visitors check out smartphones and other gadgets at the Lenovo stand at the 2015 IFA consumer electronics and appliances trade fair on Sept 4, 2015 in Berlin. Sean Gallup / Getty ImagesAs Chinese companies ramp up their presence on the international stage with a string of headline-grabbing acquisitions catapulting them to global fame, some experts urge caution: Most still cannot be called true multinationals."I think there are a small number of Chinese companies that are already global companies, but it is a very small number, like Lenovo and Huawei," says Stephen Phillips, chief executive of the China-Britain Business Council."Some Chinese banks have a very significant international presence as well, but they mostly serve the Chinese customer base, rather than serve the international customer base, so they are only part of the way to becoming truly global in my view."Despite many state-owned enterprises that have an international presence and private sector companies that are beginning to internationalize quite rapidly, there are very few that are globally recognized."But it is changing really quickly, much more quickly than probably any other country," he says.Phillips says the world will continue to see more and more Chinese companies internationalizing, and they need to do it for at least two reasons: one is to diversify markets and the other is, if they genuinely want to be leaders in that field, they need to be exposed to global competition, whether in services or products, and by going outside the home market and competing with the best of the world."If companies mange that in that process, both accessing new markets and moving up the value curve, then they are going to be very successful, but not all of them will succeed. It is not easy, it is very competitive."Zhang Yang, a senior consultant with Spencer Stuart, a leading executive search and leadership consultancy, says that increasing overseas assets and income are only partial parameters of internationalization."If a company just invests in cheap resources overseas and then makes profit out of it, it is not truly internationalization, because they may not be a global company that adopts international standards and rules."She says international companies have different strategies and targets for different markets, and operate globally. Their management systems, governance and diverse talent would be important measuring standards. But if Chinese companies are gauged by these aspects, most of them would get low grades.She cites talent as an example. In many multinational companies, about 20 to 40 percent of the senior executive positions are held by talent sought globally, but in Chinese companies, the percentage is usually quite low: less than 10 percent.Qiao Jian, vice-president of the world’s largest personal computer maker, Lenovo Group, says that globalization is not just products or capital going global, but a global enterprise’s culture and leadership are key, which is what she learned from Lenovo’s failed experiences in the past.She says that in the first four to five years after Lenovo acquired the personal computer business of IBM, its business met great setbacks."When we reflect on it, at that time, we paid a lot of attention to products and strategy, but ignored the culture and leadership components," she says. "Managing people from different countries is not merely relying on policies and regulations but more about winning recognition from local customers, executives and employees culturally, so that we do business holding the same values."She says since 2008, Lenovo has made great efforts in global enterprise culture building, and its revenue is 15 times that of 10 years ago.Sun Yongfu, former head of the department of European affairs in the Ministry of Commerce, says that a company’s ability to integrate with the cultural and social environment in a given country is an important part of successful internationalization."We have seen many unsuccessful cases of Chinese companies going global, and the key is the differences in cultures, standards and concepts between the home country and the destination countries," he says."We are used to some ways of operating in China and would bring them to Europe and other parts of the world, but their culture, traditions and laws are quite different from us," he says. For example, Chinese employees would work overtime to get double pay, but Europeans might not hold the same view, he says.He says that Chinese companies should be able to adopt the destination country’s ways of operating and managing companies."They need to integrate with the local culture, respect local rules, get familiar with their management ways, do good in local communities and strengthen corporate social responsibilities. Currently, many companies are still deficient in these aspects." (By Chen Yingqun)From China Daily, 2016-02-01
2016年2月2日 -
【China Daily】All the world’s a Chinese investment stage
Big, medium or small, domestic companies accelerate their global play across industries.Long Yongtu, former vice-minister of commerce, said that the trend of Chinese companies going overseas is irreversible.China’s most important holiday, the Lunar New Year, is drawing near, but entrepreneur Shu Wenbin has no intention of relaxing and taking time out to party. Instead, it’s his busiest time of the year.Apart from meetings with potential partners across China, the general manager of Continental Interior Design and Construction Ltd also plans overseas trips to the United States and other markets to seek out business opportunities he may able to seize after the holiday."China’s real estate and construction industries have slowed down in the past two years, new residential and commercial projects are seeing sluggish growth, and investment prospects are uncertain," he said."Overseas markets, especially in Southeast Asia and South America will be new growth points. Prospects in European and US markets are also good."Shu’s company, which offers interior design and construction services, started its overseas business in 2012 through its partners, big state-owned enterprises operating overseas. The company has about 150 employees and annual revenue of about 300 million yuan ($45.5 million; 41.8 million euros), of which about 20 percent is from overseas.It used to enjoy about 30 percent annual growth on average, but in the past two years, with slower growth in the construction sector and rising labor and material costs, searching for new opportunities globally has become an attractive option."We are planning to set up a company and operate directly overseas, and I want half of the company’s revenue to come from overseas by 2017," Shu said.His company is typical of Chinese small and medium-sized enterprises that are increasingly going global at a time when the government is accelerating economic restructuring and easing restrictions on overseas investment.Headline-grabbing mergers and acquisitions by Chinese enterprises of totemic companies in the West suggest an invasion, but it was only in 2014 that China’s outbound investment reached $140 billion, for the first time overtaking inbound investment of $120 billion, according to the Ministry of Commerce. President Xi Jinping predicted in 2014 that China’s outbound investment will reach $1.25 trillion over the next decade.This trend is set to accelerate. The 2015 Report on Chinese Enterprise Globalization, published by the Beijing-based Center for China and Globalization, said that in 2014 and the first six months of 2015, the annual number of newly increased outbound investments (686) was about six times the average number (121) from 2008 to 2013.Wu Jianmin, China’s former ambassador to France"We are on the verge of a big wave of Chinese companies going global," said Wu Jianmin, China’s former ambassador to France. "In the past, it was mainly big companies that were interested in going global, but now so are smaller and medium-sized companies. Many companies have realized that if they don’t look for opportunities globally, they will probably die in China finally."In 2015, Chinese companies made nonfinancial direct investments of $118 billion in 5,085 companies in 153 countries and regions, a year-on-year increase of 14.7 percent, according to the Ministry of Commerce.Wang Huiyao, director of the Center for China and Globalization（CCG）Wang Huiyao, director of the Center for China and Globalization(CCG), said in about 63 percent of the cases, Chinese companies’ overseas investments are between $100 million and $1 billion."The number of smaller outbound investments (below $100 million) is growing fastest, as private companies and SMEs are playing a bigger role," he says, adding that, in 2014, private companies’ outbound investments saw a year-on-year growth of 295 percent, and they made up of 69 percent of the total number of cases.Xiao Qiang, director of the China Small and Medium-Sized Enterprise Institute, said most SMEs that the institute has helped go global have annual revenue of between 50 million yuan and 400 million yuan and an employee headcount below 2,000.He said of the total, SMEs’ outbound investments account for 30 percent of the value and 80 percent by number of cases.Long Yongtu, former vice-minister of commerce, says the trend of Chinese companies going global is irreversible. China’s corporate and private bank deposits amount to more than 138 trillion yuan, and the abundance of capital makes it easier for Chinese companies to invest overseas."Globalization is to allocate resources globally. If Chinese restructuring is conducted with a global scope, its economic transformation would be less painful and is more likely to succeed," he said.Wang Chaoyong, founder and CEO of ChinaEquity GroupWang Chaoyong, founder and CEO of ChinaEquity Group, a Chinese venture capital institution, said there are three ways for Chinese companies to go global: products, industrial capacity and capital."I have observed huge changes in all these three," he said. "In the products, I have seen quality, added value, and brands have improved greatly. In capacity going global, a big feature is that, be it a State-owned company or SME, they cooperate and form clusters to explore overseas markets."For capital going global, Chinese investors in the past would typically buy US treasuries, European government bonds or some blue chips, but now private equity and venture capital have become the main avenues for capital going global."The number of overseas mergers and acquisitions is also increasing rapidly, through which many companies are able to get overseas products, technology, sales channels, design, and so on," he said.A recent example is Shenzhen Ellassay Fashion Co Ltd, a high-end female clothing company, which bought a Hong Kong company that owned the German fashion brand Laurel for 11.18 million euros ($12.1 million) as part of its global expansion. The takeover would see Ellassay own Laurel’s design, pricing and production rights at all its stores on the Chinese mainland.A recent report from Dealogic, an international information provider on investment deals, says Chinese outbound M&A volume increased for the sixth consecutive year to a record $111.9 billion in 2015, breaching the $100 billion mark for the first time.A recent report from Boston Consulting Group shows the changing trends in Chinese overseas M&As. From 1990 to 2014, about 40 percent of M&As were in energy and resources. But in recent years, only about 20 percent have involved energy and resources, while about 75 percent were in technology, brands and market share.Manufacturing is an important sector that has drawn the attention of Chinese entrepreneurs, who are encouraged by Made in China 2025, China’s national strategy to upgrade its manufacturing sector.Figures from the Ministry of Commerce show that, from January to November 2015, outbound investment in the manufacturing sector was about $11.8 billion, a year-on-year increase of 95.4 percent, with $5.89 billion going to equipment manufacturing, a year-on-year rise of 117.3 percent. (By Chen Yingqun)From China Daily, 2016-02-01
2016年2月2日 -
【光明日报】《全球智库报告2015》发布
本报讯（记者曲一琳、王斯敏）由美国宾夕法尼亚大学智库研究项目（TTCSP）研究编写的《全球智库报告2015》北京时间1月27日在联合国总部、世界银行、北京、上海等全球80多个地点同步发布。报告显示，2015年，全球共有智库6846家。其中，美国以1835家智库稳居首位，中国依然是世界第二智库大国，智库数量达到435家，比去年增加了6家，英国和印度分别以288家和280家位居第三、四名。 2015全球智库综合排名榜单共列及175家世界智库。美国的布鲁金斯学会、英国的查塔姆社和美国的卡耐基国际和平基金会位列前三名。中国有9家中国智库入选，排名最高的是中国社会科学院，位列第31名。在亚洲大国智库排名60强榜单中，共有卡耐基中国中心、中国国际经济交流中心、中国金融40人论坛、察哈尔学会、中国（海南）改革与发展研究院等18家中国智库上榜。在全球最值得关注智库排名100强榜单中，共有4家中国智库上榜：上海高级金融学院、中国与全球化智库（CCG）、中国国际经济交流中心、人大重阳金融研究院。文章选自《光明日报》，2016年1月28日
2016年2月1日 -
【中国经济时报】全球智库175强出炉 9家中国智库上榜
美国宾夕法尼亚大学智库研究项目（TTCSP）研究编写的《全球智库报告2015》发布 中国经济时报北京1月27日讯（记者黄俊溢）美国宾夕法尼亚大学智库研究项目（TTCSP）研究编写的《全球智库报告2015》（下文简称《报告》）今日在京发布。中国社会智库在过去一年中发展迅猛，新兴智库中不乏优秀者涌现，受到国际关注。 《报告》统计，2015年，全球共有智库6846家，美国是世界上拥有智库数量最多的国家，有1835家。中国依然是世界第二智库大国，拥有智库数量达到435家。 在《报告》的2015全球智库综合排名榜单175强中，美国的布鲁金斯学会蝉联榜单首位。中国社会科学院（第31名）、中国国际问题研究院（第35名）、中国现代国际关系研究院（第39名）、国务院发展研究中心（第50名）等9家中国智库入选。 值得关注的是，《报告》的“全球最佳民营智库排名”50强榜单中，有6家中国智库上榜，分别是中国与全球化智库（CCG）、察哈尔学会、中国（海南）改革与发展研究院、中国经济改革研究会、人大重阳金融研究院、思汇政策研究所；而在“全球最值得关注智库排名”100强榜单中，有4家中国智库上榜。分别是上海高级金融学院、中国与全球化智库（CCG）、中国国际经济交流中心以及人大重阳金融研究院。 据悉，《报告》是由美国宾夕法尼亚大学TTCSP项目连续第九年为全球打造的最具权威性全球智库研究发展报告。该智库研究报告旨在研究全球各国智库在政府与社会发展中的作用，建立了一套专门的智库研究体系，每年对全球智库进行跟踪研究和综合排名，以加强全球智库的能力建设并提高智库的表现。选自《中国经济时报》，2016年1月29日
2016年2月1日 -
【中评社】全球智库报告：中国智库数量位居世界第二
中评社北京1月28日电／2016年1月27日，美国宾夕法尼亚大学智库研究项目（TTCSP）研究编写的《全球智库报告2015》中国北京发布会在宾夕法尼亚大学沃顿中国中心举办。 《全球智库报告2015》是由美国宾夕法尼亚大学TTCSP项目连续第九年为全球打造的最具权威性全球智库研究发展报告。该智库研究报告旨在研究全球各国智库在政府与社会发展中的作用，建立了一套客观公正的智库研究体系，每年对全球智库进行跟踪研究和综合排名，以加强全球智库的能力建设并提高智库的表现。在中国北京的发布活动是《全球智库报告2015》全球系列发布活动之一。2016年1月27－28日，《全球智库报告2015》在联合国总部、世界银行等全球80多个地点同时发布。全球智库发展概况：中国智库数量位居世界第二 根据区域分布、研究领域、特殊成就三类标准，《全球智库报告2015》共列出52个分项表单，比去年的49个分项表单有所增加。其中，中国智库上榜的表单数量达到28个。 在全球智库175强榜单中，有9家中国智库上榜。亚洲大国智库（中国、印度、日本、韩国）智库排名60强中，18家中国智库上榜。在最佳社会智库、最值得关注的智库、以及多个研究领域如教育政策、环境政策、国防和国家安全智库排行榜单中，中国智库均列名次。 值得一提的是，中国社会智库在过去一年中发展迅猛，新兴智库中不乏优秀者涌现，受到国际关注。在今年的《全球智库报告2015》的“全球最佳社会智库排名” 50强榜单中，有6家中国智库上榜；而在“全球最值得关注智库排名”100强榜单，有4家中国智库上榜。全球智库175强榜单，9家中国智库上榜 《全球智库报告2015》的2015全球智库综合排名榜单共列及175家世界智库。其中美国的布鲁金斯学会蝉联榜单首位。这已经是布鲁金斯学会连续4年排行第一。英国查塔姆社和美国的卡耐基国际和平基金会分列第二、第三位。布鲁金斯学会还被报告选为2015年度全球最佳智库。美国入选全球十大智库的数量最多，达到6家，与去年持平。 2015全球智库综合排名榜单175强中，有9家中国智库入选，分别是：中国社会科学院（第31名）、中国国际问题研究院（第35名）、中国现代国际关系研究院（第39名）、国务院发展研究中心（第50名）、北京大学国际战略研究院（第64名）、上海国际问题研究院（第72名）、天则经济研究所（103）、中国与全球化智库（110）、人民大学重阳金融研究院（150）。 2015年，全球共有智库6846家，其中北美洲智库数量最多，拥有1931家；欧洲其次，拥有1770家；亚洲紧随其後，拥有1262家。美国依然是世界上拥有智库数量最多的国家，有1835家。中国依然是世界第二智库大国，拥有智库数量达到435家。英国和印度智库数量位列中国之後，分别拥有288家和280家。文章选自中评社，2016年1月28日
2016年2月1日 -
【科技日报】《全球智库报告2015》称中国智库数量位居世界第二
科技日报北京1月27日电 （记者华凌）美国宾夕法尼亚大学智库与公民社会研究项目（TTCSP）27日在北京发布《全球智库报告2015》。报告显示，中国智库数量位居世界第二，并有9家智库登上全球智库175强榜单。 TTCSP打造的《全球智库报告》，旨在研究各国智库在政府与社会发展中的作用，并建立一套客观公正的智库研究体系。报告每年对全球智库进行跟踪研究和综合排名，以加强全球智库的能力建设并提高智库表现。《全球智库报告2015》是TTCSP连续第9年对全球智库进行跟踪排名，并在全球80多个地点同步发布。 报告称，2015年全球共有智库6846家，其中北美洲智库数量最多，有1931家；欧洲其次，有1770家；亚洲紧随其后，有1262家。美国依然是世界上智库数量最多的国家，达1835家。中国则是世界第二智库大国，拥有智库数量达435家。英国和印度智库数量位列中国之后，分别为288家和280家。 该报告在2015全球智库综合排名榜单中选出175强，其中美国布鲁金斯学会蝉联榜首，英国皇家国际事务研究所和美国卡耐基国际和平基金会分列二、三位。布鲁金斯学会还被报告选为2015年度全球最佳智库。美国入选全球十大智库的数量最多，达到6家，与去年持平。中国智库有9家入选175强，分别是：中国社会科学院、中国国际问题研究院、中国现代国际关系研究院、国务院发展研究中心、国际战略研究中心、上海国际问题研究院、天则经济研究所、中国与全球化智库（CCG）、人民大学重阳金融研究院。 参加北京发布会的专家表示，智库发展关系到国家政策的制定和社会及国际影响力，而中国智库在新一届政府高度重视下，开始进入了一个大发展时代，转型发展中的中国比历史上任何一个时期都需要更多高质量的智库来为国家建言献策。我们需要加大创新力度，参与全球智库间的合作，培养更多一流的智库人才，打造具有国际竞争力的中国智库。文章选自《科技日报》，2016年1月28日
2016年2月1日 -
【国际在线】全球智库报告发布 CCG入围全球最佳社会智库50强
国际在线报道（记者 刘允）：1月27日-28日，美国宾夕法尼亚大学智库研究项目研究编写的《全球智库报告2015》在世界银行、联合国总部等全球80多个地点发布，该报告中国北京发布会27号在宾夕法尼亚大学沃顿中国中心举办。中国与全球化智库（CCG）在多项榜单中表现亮眼。 《全球智库报告2015》是由美国宾夕法尼亚大学智库研究项目连续第九年为全球智库界打造的最具权威性的智库研究发展报告。该智库研究报告旨在研究全球各国智库在政府与社会发展中的作用，建立了一套客观公正的智库研究体系，每年对全球智库进行跟踪研究和综合排名，以加强全球智库的能力建设并提高智库的表现，该项全球智库排名也是目前国际上最具影响力的智库排名。 值得一提的是，在本次发布的2015全球智库排名榜单中，中国与全球化智库（CCG）在多项榜单中有突出表现：在中国顶级智库排行榜中，CCG排名第7；在全球智库综合排名175强榜单中，CCG排名全球第110；在亚洲大国（中国、印度、日本、韩国）智库60强榜单中，CCG排名第34；在全球最值得关注智库100强榜单中，CCG排名第64，在上榜中国智库中位列第2；同时CCG还入选全球最佳社会智库50强。 成立于2008年的中国与全球化智库（CCG），是国内领先的国际化智库，秉承“国际化、影响力、建设性”的专业定位，坚持“用全球视野，为中国建言；以世界眼光，为中国献策”，致力于中国的全球化战略、人才国际化和企业国际化等领域的研究。CCG也是中央人才工作协调小组办公室人才理论研究基地，并被国家授予设立博士后科研工作站资质。 CCG目前拥有80余名国际化的全职研究和工作人员，近百位国内外知名特邀专家和特邀高级研究员，并邀请了一批在政界、企业界、智库和学术界等领域具有广泛影响力的海内外知名人士担任顾问、理事和学术指导，以各类形式展开相关智库工作，在全球范围内汇聚具有政策创新能力、能推动政府决策、拥有国际一流研究成果的专家加盟CCG的全球研究网络。 成立以来，CCG 向中国政府有关部委提交过数百份建言献策报告，影响和推动政府的相关政策制定。例如公安部近期公布的支持北京创新发展的20项出入境政策措施，在国际人才引进政策方面实现重大突破，CCG全程参与了该项课题研究，多项建议被采纳。文章选自国际在线，2016年1月28日
2016年2月1日
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