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Yiwu enterprises"going out"to speed up the pace

Source: Yiwu sourcing agent    Author: Gary      Date: 2008-09-14

Faced with the complex and volatile economic environment, Yiwu some enterprises to actively implement the "going out" strategy, by investing in overseas market eased trade impasse. Statistics show that in recent years, foreign investment enterprises in Yiwu significantly speed up the pace. 2007, the total foreign investment in 2006 than double the first half of this year than the same period last year growth of 237.24 percent. As at the end of June, overseas investment has achieved 10.25 million yuan, completed six months ahead of the annual target.

     It is understood that in 2006, Yiwu enterprises overseas investment projects mainly involve cosmetics, textile and other industries, 10 enterprises to invest in the country were the United Arab Emirates, South Korea, Germany, the United States, Australia, Spain and Singapore.

     In the "going out" process will inevitably encounter various problems. Then, enterprises to invest in overseas market which issues need attention, how to avoid risks » Recently, this reporter visited the Yiwu City of Foreign Trade and Economic Cooperation Bureau. It said Zhu Jun, chief of the foreign economy, overseas investment should first consider the investment areas and investment projects, do a feasibility study. Yiwu enterprises the main project implementation and financial support is the main combined, the risk needs of its own, outside the project's feasibility study is particularly important. On the country's investment policies, customs, industry characteristics, the market prospects should be correctly analyzed. If the project needs outside financing, we must pay attention to the organizational structure is reasonable and the openness of the financial statements.

     To achieve diversity and localization of. Enterprises should intensify efforts to expand foreign trade market, the development of more offshore trading companies. Meanwhile, we should strive to expand the industrial park construction, the development of offshore production and processing projects and research projects, qualified enterprises in the development of offshore resources, particularly the development of farming and forestry. Enterprises outside to the "Chinese characteristics" of the road at the same time, but also with local realities, to localize way into the local business circle or industrial chain, so that more overseas investment diversification.

     To enhance the awareness of risk prevention. In overseas investment, mainly from the risk of exchange rates and interest rates. For the enterprises listed overseas, in addition to beware of the capital market risks, such as stock price fluctuations, such as the potential hostile takeover.

     In addition, to a reasonable employment. Zhejiang Chan Construction Group in March this year, 351,000 U.S. dollars investment in Singapore Ltd. was set up, construction management, project contracting, real estate development and housing, and other business transactions. At the same time to Singapore as a base to further expand Malaysia, New Zealand and other places of the construction market. The company's overseas department said Wang, now open up foreign markets works the major difficulties encountered is the lack of international engineering talent, especially those who understand technical language, communication and strong people. From the company bigger and stronger point of view, the international engineering talents training imperative. If the enterprises established international goals, there should be familiar with international awareness training a number of young and middle-aged backbone of the operation of the market. As the large number of overseas construction projects outside the introduction of relatively high personnel costs, in addition to the introduction of the necessary personnel, the focus should be on cultivating their own company on the basis points.



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