| |
 |
GD enterprises expand abroad
|
Zhang Zhiyong
MORE enterprises in South China's Guangdong Province are engaged in the exploration of foreign markets, especially in developing countries, than in any time in the past, the Shenzhen Speical Zone Daily (SZSZ) reported on Sunday.
Advertisements of Guangdong-made air-conditioners can be seen in Brazilian airplanes, a sign of Guangdong enterprises' expansion to the global market.
Guangdong enterprises have so far made investments in India, Pakistan, Brazil, Mexico, Malaysia, Russia and South Africa, the report said.
The expansion of Guangdong enterprises abroad is to a large extent due to favourable policies offered by the Guangdong Provincial Government, the report said.
To help more enterprises expand into foreign markets, the Provincial Government has organized many business promotion trips to foreign countries in recent years, according to the report.
Though initial success has been scored in foreign markets, challenges still lie ahead for these enterprises. TCL, an influential domestic producer of electronic appliances, posted a sales volume of US$2 billion last year. This figure is much lower than that generated by world-class multinationals, many of which sell ten times that amount.
Expanding abroad has brought both opportunities and challenges to these enterprises, the report said. Among the most notable problems is the fact that most enterprises in Guangdong are not familiar with the foreign investment environment, which is a potential barrier for expansion, as investing abroad is much more complex than expanding domestically or focusing on international trade.
The report notes that to help enterprises in Guangdong continue to expand abroad, appraisal and approval procedures should be streamlined and efficiency of governmental departments should be improved.
|
|
|
|
