The deterioration of the hottest international eco

2022-08-06
  • Detail

With the deepening of reform and opening up and the expansion of foreign exchanges, China's overseas investment enterprises have spread all over the world, but on the whole, the regional distribution of China's multinational enterprises is still relatively concentrated in the Asia Pacific Economic Region. Therefore, the deterioration of the economic situation in Vietnam and other neighboring countries is bound to affect the process of "going global" of domestic enterprises

indeed, Vietnam's recent financial problems and their impact on the Asian economy have caused quite a shock and controversy in China's economy and business circles, which some overseas media are puzzled about. In fact, when they understand that 80% of the investment projects of Chinese enterprises are concentrated in the Asia Pacific region, it is not surprising that China has shown such sensitivity

recently, sunhuaibin, spokesman of China Textile Industry Association and director of the industry department of China Textile Industry Association, who outputs electrical signals by moving the position of iron core in the coil, said in an interview with this newspaper that due to the complex financial environment in Vietnam and other surrounding countries and regions, the momentum of "going global" of domestic knitting and textile enterprises will be weakened

textile enterprises mainly go to the Asia Pacific region

according to a recent report of the Ministry of Commerce, from the perspective of the distribution of overseas investment enterprises, China's enterprises mainly choose neighboring developing countries and regions for transnational operation. With the deepening of reform and opening up and the expansion of foreign exchanges, China's overseas investment enterprises have spread all over the world. However, on the whole, the regional distribution of Chinese enterprises' transnational operations is still relatively concentrated in the Asia Pacific Economic Region, of which Asia has attracted most domestic investment with its superior geographical location and investment environment. According to statistics, at present, 80% of the investment projects in China that have reduced noise due to the movement of smooth parts are concentrated in Asia. Disassemble the test workpiece in the industry; Structurally, China's cross-border investment still focuses on the investment in processing, manufacturing and other primary products, mainly small and medium-sized enterprises

especially in recent years, due to the changes in the international trade environment and the gradual loss of the comparative advantage of domestic manufacturing, China's textile enterprises have accelerated the pace of going abroad. At present, nearly 1000 Chinese textile enterprises have invested in Vietnam, Cambodia and other places, and more than 100 have invested in Bangladesh. These enterprises avoid trade barriers and reduce production costs by accelerating international layout and transnational resource allocation. It is understood that these countries' exports to Europe and the United States are not subject to quota restrictions and can enjoy the most favored nation treatment. At the same time, these countries have given foreign enterprises considerable preferential space in terms of tax and other policies, such as the 10-year income tax exemption for foreign textile enterprises in Bangladesh

Xinlan (Cambodia) Garment Co., Ltd., the largest textile and garment overseas processing trade project in Jiangsu Province, was approved by the Ministry of Commerce of China in 2006 to realize the Chinese dream in expanding and strengthening industries. Jiangsu AB Group Co., Ltd., the investor of the overseas project, invested a total of us $16.5 million in equipment, raw materials and some spot exchange to set up an overseas processing trade enterprise in Phnom Penh, Cambodia, and exported domestic raw materials to Cambodia, After production, it will be sold to European and American markets

according to the relevant person in charge of AB group, the rising cost makes it difficult for underwear manufacturers with meagre profits. Therefore, AB group puts some low value-added underwear into Cambodia to solve the quota problem and avoid trade barriers. It was learned in the interview that, under the pressure of cost and trade friction, many knitting, textile and garment enterprises in the Yangtze River Delta and the Pearl River Delta began to set up factories in Vietnam, Bangladesh and other countries. Because Cambodia, Bangladesh and other countries have sufficient low-cost labor, this comparative advantage will continue for a long time

"going out" is also a kind of industrial transfer.

sun Huaibin analyzed the "going out" of Chinese textile enterprises. From the perspective of purpose, there are three situations for enterprises to "go out": responding to the call of the state and participating in the cooperation between countries are political tasks; Invest and build factories abroad, change the origin of products, and avoid trade barriers; Seek international operation, make use of international resources to make up for their own shortcomings, and enhance the comparative advantage and competitiveness of enterprises. In terms of form, it mainly includes industrial capital "going out", commercial capital "going out" and scientific research and development "going out"

sunhuaibin believes that the export of textile enterprises is a form of industrial transfer. The transfer of textile production capacity is not only reflected in the domestic transfer from east to west and from the coast to the mainland, but also reflected in the international inheritance. The "export" of domestic textile enterprises is actually a form of International industrial transfer

in this process, there are different trends due to different types. The processing transfer tends to Southeast Asian, African and Latin American developing countries such as Vietnam, Cambodia and Laos; The "going out" of commercial capital and R & D is more oriented to developing countries and regions such as Europe and the United States

sun Huaibin said that with the deepening of opening to the outside world, China has closer economic relations with neighboring countries, the degree of interdependence has gradually deepened, and economic and technological cooperation with developed countries has been continuously strengthened. From its own point of view, China's national economy and industrial development also urgently need to speed up "going out". With the rapid economic growth, China's textile industry has prominent overcapacity and structural contradictions. The supply of most products exceeds demand. Relying solely on exports is very easy to induce trade friction. To invest and build factories abroad and realize the diversification of origin can expand the international market space, reduce trade friction and promote the adjustment of industrial structure

Copyright © 2011 JIN SHI