China's manufacturing foreign investment is in a growth stage. The most typical sign is the external investment of the machine tool industry. The approximate time period is 2004 and 2006. More than 10 overseas acquisition cases of machine tools occurred in countries such as Europe, America and Japan, which became the focus of foreign investment at that time. .

I. Current Status and Trends of China's Foreign Investment

Status Quo: The scale of China’s foreign investment is rapidly expanding and investment methods are increasingly diversified

As of the end of 2010, cumulative foreign direct investment exceeded US$258.8 billion, the number of overseas companies reached 16,000, and the distribution area was 177 countries and regions. The total assets of overseas companies had exceeded US$1 trillion.

In recent years, as Chinese companies’ overseas investment has begun to expand from traditional “greenfield investment” to cross-border mergers and acquisitions. Cross-border mergers and acquisitions increased rapidly. Focus on resources, automobiles, finance, telecommunications, home appliances, textiles and other fields. In 2010, the scale has reached US$23.8 billion, accounting for 40.3% over the same period.

After nearly 10 years of development, China's foreign investment cooperation has promoted the implementation of the strategy of “going out” by Chinese enterprises. The company’s transnational capabilities have significantly increased and a number of specialized, intensive and large-scale companies have formed. In 2009, 43 Chinese companies entered the Fortune Global 500, and 54 companies were selected in 2010.

Trend: China's foreign investment will maintain growth

Since 2010, the world economy has been slowly recovering and international direct investment has shown a recovery. In accordance with the “12th Five-Year Plan”, we analyzed that during the period from the “Twelfth Five-Year Plan” period to the end of the “Twelfth Five-Year Plan” period, China’s foreign investment has entered an accelerated period of growth, and foreign investment will continue to grow. China's foreign investment industry and regional pattern are basically maintained, and manufacturing companies will accelerate foreign investment. The enthusiasm of overseas investment by private enterprises in China is increasing, and the level of transnational operations of enterprises and corporate image will be significantly improved.

Second, China's machine tool industry foreign investment profile

Overseas mergers and acquisitions of the Chinese machine tool industry started earlier. Since 2002 (as of the end of 2009), 10 domestic machine tool companies, including Beijing No. 1 Machine Tool Plant, have successively conducted 14 overseas mergers and acquisitions or share participation in Germany, the United States, and other countries. The total foreign investment is 160 million U.S. dollars, and the regional distribution is mainly developed countries in Europe and America.

After China's machine tool and tool companies merged and acquired overseas enterprises, most of them focused on doing a good job of integration with the local area to achieve mutual benefit and common development.

III. China's Foreign Investment Policy

Management: In 2009, the “Overseas Investment Management Regulations” was promulgated, simplifying procedures and delegating approval authority. Most overseas investment matters were approved by the provincial-level business department. Since the information system in this area is doing well, networking, and Internet access, 90% of more than 3,000 projects are approved by the provincial-level business department and approved by the Ministry of Commerce. General project regulations can be approved within 3 working days, and projects with more than 100 million US dollars require 15 working days. Projects belonging to the mine resources category must be approved by the Development and Reform Commission.

Guidance: In 2009, the “Guide to Foreign Investment and Cooperation Countries” began to be published, involving 165 countries and regions and publishing industry-oriented directories of foreign investment countries. The CD-ROM distributed on the CD introduced the investment and cooperation environment of 165 countries and regions in the world, and gave tips on the issues that enterprises should pay attention to when carrying out overseas investment and cooperation.

Promotion: Through various forms of trade fairs and trade fairs, it provides a platform for foreign investment and cooperation of enterprises, establishes a foreign investment country environmental bank, a foreign investment project bank, and a database of foreign intermediary agencies. Related countries.

In terms of external consultations, a multi-bilateral trade mechanism or investment promotion mechanism was established, and 130 bilateral investment promotion protection agreements and 91 double taxation avoidance agreements were signed.

In terms of personnel training: Formulate the "Transnational Operation and Management Talent Training Plan", compile and publish a series of training materials for foreign investment and cooperation, and do a lot of hierarchical training for senior management personnel. Four training courses were held to train 400 corporate staff.

Based on the above situation, relevant experts give several suggestions. First, according to the development needs of enterprises, a clear international strategy should be formulated to avoid blind investment and expansion. Second, we must focus on fulfilling our social responsibilities, strive to integrate into the local community, achieve mutual benefit and win-win with the host country, and develop together. In the recent evacuation in Libya, there were 30,000 people in China and many projects were there. After the political turmoil in Libya, because of the good relations between us, he will protect you, go away and voluntarily help you look at the equipment, and also help to do the upper job. If the relationship is not good, it will not only protect you but also rob you. The third is to conduct serious investigation and careful assessment, and pay attention to risk prevention.