Summary of Emerging Best Practices of Chinese Globalizers

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A number of China’s multinational corporations have become major players on the world economic scene. This joint report from the World Economic Forum and consultancy Strategy& (formerly Booz & Company) provides an overview of the rapid progress these state-owned and private sector Chinese “globalizers” have made. Their best practices can serve as guidelines for other companies expanding overseas. getAbstract recommends this report to executives doing business with these firms, as well as to strategic planners and human resources professionals.

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The World Economic Forum is an independent global organization that engages leaders in business, politics, academia and society to improve the state of the world.

 

Summary

In 2012, China became the third-largest foreign direct investor in the world, with about 16,000 business “investing entities” supporting 22,000 organizations in 179 countries and regions. That growth is astounding, considering that it wasn’t until the late 1990s that the Chinese government, faced with a shortage of resources and technologies, launched its “going out” strategy to spur Chinese companies to invest abroad. Today, the revenues Chinese multinationals generate overseas are growing faster than their domestic revenues. The firms operating outside China are state-owned enterprises seeking assets and technologies, as well...


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