Analysis of China's machine tool industry's foreign investment and investment policy

China's manufacturing foreign investment is in the growth stage. The most typical sign is the foreign investment of the machine tool industry. The time period is about 2004 and 2006. More than 10 overseas machine purchase cases occurred in countries such as Europe, America and Japan became the focus of foreign investment at that time. . I. Status quo and trend of China's foreign investment: China's foreign investment has expanded rapidly. The investment methods have become increasingly diverse. By the end of 2010, the cumulative foreign direct investment exceeded US$258.8 billion, and the number of overseas enterprises reached 16,000, with a distribution area of ​​177 countries and In the region, the total assets of overseas enterprises have exceeded 1 trillion US dollars.
In recent years, as Chinese companies' foreign investment began to expand from traditional “greenfield investment” to cross-border mergers and acquisitions. Cross-border mergers and acquisitions have increased rapidly. Focus on resources, automotive, finance, telecommunications, home appliances, textiles and other fields. In 2010, the scale has reached 23.8 billion US dollars, accounting for 40.3% of the same period. After nearly 10 years of development, China's foreign investment cooperation has promoted the implementation of the “going out” strategy of Chinese enterprises. The transnational capabilities of enterprises have been significantly enhanced, forming a group of specialized, intensive and large-scale companies. In 2009, 43 Chinese companies entered the Fortune Global 500, and in 2010, 54 companies were selected. Trend: China's foreign investment will maintain growth Since 2010, the world economy has recovered slowly and international direct investment has shown a recovery. According to the "Twelfth Five-Year Plan", we analyze that during the "Twelfth Five-Year Plan" period to the end of the "Twelfth Five-Year Plan" period, China's foreign investment will enter an accelerated growth period, and foreign investment will maintain its growth momentum. China's foreign investment industry and regional pattern have basically remained, and manufacturing enterprises will accelerate their foreign investment. The enthusiasm of Chinese private enterprises for overseas investment is increasing, and the level of transnational operations and corporate image of enterprises will be significantly improved. Second, China's machine tool industry's foreign investment profile China's machine tool industry's overseas mergers and acquisitions started earlier. Since 2002 (as of the end of 2009), 10 domestic machine tool companies such as Beijing No. 1 Machine Tool Plant have successively conducted 14 overseas mergers or acquisitions in Germany, the United States and other countries. The total foreign investment is 160 million US dollars, and the regional distribution is mainly developed countries in Europe and America. After the acquisition of overseas companies by Chinese machine tool companies, most of them focus on doing a good job of integration with the local, achieving mutual benefit and common development. III. China's Foreign Investment Policy Management: In 2009, the “Measures for the Administration of Overseas Investment” was promulgated, which simplified the procedures and decentralized the approval authority. Most overseas investment projects were approved by the provincial commercial department. Since the information system in this area is well done, networking and Internet access, 90% of the more than 3,000 projects per year are approved by the provincial commercial department and approved by the Ministry of Commerce. General projects can be approved within 3 working days, and projects with more than $100 million are regulated for 15 working days. Projects belonging to mine resources should be approved by the National Development and Reform Commission.
Guidance: In 2009, the “Guide to Foreign Investment Cooperation Country Guide” was launched, involving 165 countries and regions, and the list of foreign investment industry-oriented industries was released. The CD-ROM introduced the investment cooperation environment of 165 countries and regions in the world, and gave tips on the issues that enterprises should pay attention to when conducting foreign investment cooperation. Promotion: Through various forms of fairs, trade fairs, etc., it provides a platform for enterprises to invest in foreign investment, establishes an overseas investment country environmental library, a foreign investment project database and a database of foreign intermediaries, and organizes promotion groups from time to time. The country concerned.
Foreign consultations: Establish multi-bilateral economic and trade mechanisms or investment promotion mechanisms, and negotiated 130 bilateral investment promotion protection agreements and 91 double taxation avoidance agreements. Talent training: Formulate a “national management talent training program”, compile and publish a series of training materials for foreign investment cooperation, and do a lot of level-level training for senior management personnel. Four training sessions were held to train 400 corporate personnel. Based on the above situation, the relevant experts give several suggestions. First, we must formulate a clear internationalization strategy based on the company's own development needs, avoiding blind investment and expansion. Second, we must pay attention to fulfilling social responsibilities and strive to integrate into the local society to achieve mutual benefit and common development with the host country. The incident of evacuation in Libya occurred not long ago. There are 30,000 people in China, and there are many projects there. After the political turmoil in Libya, he will protect you because of our good relationship. When you leave, you will volunteer to help you look at the equipment and assist in the above work. If the relationship is not good, not only will not protect, but also rob you. The third is to conduct serious research, prudent assessment, and focus on risk prevention.

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