碩士 / 國立中山大學 / 中國與亞太區域研究所 / 103 / In the thirty plus years since China implemented its policy of reform, characterized by a greater opening up to the West, China''s enterprises have undergone rapid growth. Through policy initiatives, the Chinese government has encouraged local enterprises to invest overseas to ensure the continued growth of China''s economy, to promote the stable supply of resources, to enhance the overall structure of China''s industries, and to generate competitiveness.
The rise of economic globalization has compelled Chinese companies to change their ways, forcing them to adopt strategic policies that incorporate global thinking with local practices. This has prompted such companies to look for partnerships, or – to survive in the context of fierce corporate competition – to form alliances with companies that possess a separate set of strengths.
Overseas investment through mergers and acquisitions has become an integral factor pushing the growth of China''s outward foreign direct investment. Moreover, China''s inception into the World Trade Organization (WTO) in 2001 ushered in a second &;quot;peak&;quot; phase of outward investment by Chinese enterprises.
As the Chinese government advocated the &;quot;Go Out&;quot; policy, enterprises also began to realize that it was only by stepping onto an international platform, by entering the world economic system, that it could secure a stronger position for itself in the international domain. This was one of the main motivations for undertaking overseas investment. It helped companies quickly and conveniently enter overseas markets, and allowed the government to maintain absolute control of such enterprises and to receive significant market share.
Thus, Chinese enterprises began to set their sights on advanced countries, such as those in North America and Europe. They aimed high, not restricting their ambitions to small to medium local enterprises, but seeking out beneficial partnerships and alliances.
This study will first examine the primary motives behind China''s policy of outward investment by type of investment, regional distribution of investment, and growth objectives. It then provides discussion of essential mergers and acquisitions in three primary industries, as well as case studies of investments in certain industries, the structure of such investing enterprises, and entry modes. It concludes with an analysis of the challenges and risks faced by enterprises, and the counterstrategies used to prevent such risks in order to create the optimal environment for investment.
| Identifer | oai:union.ndltd.org:TW/103NSYS5025049 |
| Date | January 2015 |
| Creators | Katherine Y. Lee, 李逸詩 |
| Contributors | Dr. Lin, Teh-chang, 林德昌 博士 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 139 |
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